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Dogecoin

Dogecoin Starts The Week On A Strong Note

by Miki 07/12/2021
by Miki 07/12/2021 0 comment

Support At $0.21 Stays Strong

Dogecoin received support at $0.21 and is trying to move back above $0.22 while crypto markets are moving higher at the start of the week.

Bitcoin has recently managed to get above the 20 EMA at $34,400 and has a good chance to get to the test of the resistance level at $35,000. If Bitcoin manages to settle above $35,000, it will head towards the resistance at $36,000 which will be bullish for the whole crypto market.

It should be noted that recent trading sessions have been calm for Dogecoin and other cryptocurrencies, and it looks that crypto markets need additional catalysts to get upside momentum.

Traders will continue to follow the dynamics of the world’s leading cryptocurrency, Bitcoin, which remains stuck in the $32,000 – $35,000 range. If Bitcoin manages to get out of this range, trading activity at crypto markets will increase.

At this point, Dogecoin lacks catalysts, but the situation may change quickly if Bitcoin settles above the resistance at $35,000 and traders rush to buy other cryptocurrencies in order to join the potential upside trend.

Dogecoin is currently trying to get to the test of the nearest resistance level which is located at $0.2250. If Dogecoin manages to settle above this level, it will gain additional upside momentum and head towards the resistance at the 20 EMA at $0.24.

A successful test of the resistance at the 20 EMA will open the way to the test of the next resistance at $0.25. If Dogecoin settles above $0.25, it will move towards the resistance at the 50 EMA which is located near $0.2750.

On the support side, the nearest support level for Dogecoin is located at $0.21. A move below this level will push Dogecoin towards the support at $0.20. In case Dogecoin declines below $0.20, it will head towards the support at $0.1650. No important levels were formed between $0.1650 and $0.20 so this move may be fast.

For a look at all of today’s economic events, check out our economic calendar.

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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

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      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

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      Analysis

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      12/27/2021

  • Blockchain
    • Blockchain

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      Blockchain

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      Binance Trading Platform Licenses in Bahrain, Canada

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