Dogecoin (DOGEUSD ) Is Pulling Back at $0.078; Tamadoge (TAMA) Soars Towards North ByAzeez MustaphaPRO INVESTOR Updated: 16 August 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage The bulls’ momentum is decreasing in Dogecoin market DOGEUSD Price Analysis – August 15 Further increase in the bulls’ momentum will make the Dogecoin to break above the resistance level of $0.085; above it are $0.085 and $0.092 resistance levels. Should the $0.078 resistance level holds, the price may reverse and face the support level at $0.072, further increase in the bears’ pressure may push down the price to $0.066 and $0.060. DOGEUSD Market Key levels: Resistance levels: $0.078, $0.085, $0.092 Support levels: $0.072, $0.066, $0.060 DOGEUSD Long-term Trend: Bullish, Tamadoge (TAMA) Soars Towards North DOGEUSD is bullish in the daily chart. Dogecoin reached the resistance level of $0.085 on June 01. The bears opposed further price increase; daily bearish candles formed and the price fall towards the support level towards of $0.060. The bears’ pressure fails and price bounces to retest the resistance level at $0.078. The price is trying to break up the resistance level at $0.085. The fast Moving Average (9 periods) has crossed the slow Moving Average (21 periods EMA) upside and the price is trading above the two EMAs as a sign of bullish movement. Further increase in the bulls’ momentum will make the price to break above the resistance level of $0.085; above it are $0.085 and $0.092 resistance levels. Should the $0.078 resistance level holds, the price may reverse and face the support level at $0.072, further increase in the bears’ pressure may push down the price to $0.066 and $0.060. The relative strength index period 14 is at 62 levels bending down to indicate sell signal. Buy Dogecoin Now Your capital is at risk DOGEUSD medium-term Trend: Bullish DOGEUSD is bullish in the 4-hour chart. Dogecoin tested the resistance level of $0.085 on the August 14. A Pin bar candle pattern formed at the same level which connote the triggering of the bearish momentum. The price is decreasing towards the $0.075 price level. Dogecoin is trading between the 21 periods EMA and 9 periods EMA and the two EMAs are fan apart to each other which indicates that bulls’ momentum decreases in the DOGE market. The relative strength index period 14 is at 57 levels and the signal lines pointing down exhibiting sell signal. Related How to Buy Tamadoge Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage
