Dogecoin (DOGE): Possible Zone of Rejection!

7 באוג׳ 2024

We are back with Dogecoin, where the price is struggling to break from the resistance zone while it has been recovering from a recent fall.

We are looking for this zone to hold and a nice downhill movement to start from here (to test lows in a 4-hour timeframe).

So far, weakness has been steady and nice so we are monitoring!

Swallow Team

8 באוג׳ 2024

הערה

Dogecoin went for a breakout but failed to break it so far that the price got rejected immediately.

We keep an eye on how this 4-hour candle will close and if we see a rejection, then there is a chance it will start a downward movement so keep an eye on that zone!

9 באוג׳ 2024

הערה

Dogecoin formed a nice small fakeout near our resistance zone, and now we are looking for a price to go back below this zone.

As soon as we see that, we will get a final confirmation of fakeout formation here and a possible movement back to the lows of Dogecoin!

14 בספט׳ 2024

הערה

Dogecoin has a long way but eventually we had a nice movement from our resistance zone, which happened after a rejection from 200EMA. Price moved 15% from our resistance.