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Home Dogecoin

Dogecoin – Daily Tech Analysis –June 30th, 2021

admin by admin
June 30, 2021
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Dogecoin – Daily Tech Analysis –June 30th, 2021
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Dogecoin

Dogecoin rose by 2.45% on Tuesday. Partially reversing a 2.87% loss from Monday, Dogecoin ended the day at $0.2634.

A blended begin to the day noticed Dogecoin fall to an early morning intraday low $0.2525 earlier than making a transfer.

Steering away from the primary main assist stage at $0.2492, Dogecoin rallied to a mid-day intraday excessive $0.2758.

Dogecoin broke by means of the primary main resistance stage at $0.2661 earlier than easing again.

Developing towards the second main resistance stage at $0.2752, Dogecoin fell again to finish the day at $0.263 ranges.

On the time of writing, Dogecoin was down by 0.55% to $0.2620. A blended begin to the day noticed Dogecoin rise to an early morning excessive $0.2638 earlier than falling to a low $0.2569.

Dogecoin left the most important assist and resistance ranges untested early on.

For the day forward

Dogecoin would wish to maneuver by means of the $0.2639 pivot to deliver the primary main resistance stage at $0.2753 into play.

Help from the broader market could be wanted, nevertheless, for Dogecoin to interrupt again by means of to $0.2750 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Tuesday’s excessive $0.2758 would probably cap any upside.

Within the occasion of one other breakout, Dogecoin might take a look at resistance on the 23.6% FIB of $0.3016 earlier than any pullback. The second main resistance stage sits at $0.2872.

Failure to maneuver by means of the $0.2639 pivot would deliver the primary main assist stage at $0.2520 again into play.

Barring an prolonged sell-off, nevertheless, Dogecoin ought to avoid sub-$0.25 ranges. The second main assist stage sits at $0.2406.

Wanting on the Technical Indicators

First Main Help Stage: $0.2520

Pivot Stage: $0.2639

First Main Resistance Stage: $0.2753

23.6% FIB Retracement Stage: $0.3016

38.2% FIB Retracement Stage: $0.3859

62% FIB Retracement Stage: $0.5221

Please tell us what you assume within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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