View full page at cryptocraft.com

 

Dogecoin price decline in March has not restored optimistic speculation

From fxstreet.com

Dogecoin price is failing to capture any buying interest after the 7% spike on March 26. Instead, the altcoin has drifted sideways below two declining moving averages, the 20-day SMA and the 50-day SMA. For now, a conservative mindset is appropriate in this trading environment. Dogecoin price ignoring improved sentiment in the cryptocurrency market: The decline below the ascending triangle on March 22 was a decisive technical event for DOGE and revealed to traders that media hype could only sustain a trend for so long. Such tranquil price action is not always a precursor to explosive gains. (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis