Dogecoin Price Analysis – 19 February 2021

This Dogecoin Price Analysis – 19 February 2021, is hosted by BNC’s Josh Olszewicz and finds since 2014, every price spike above 100 sats has been unable to consolidate or make further gains, leading to a prolonged 200+ day downtrend. In the near term, a move below US$0.05 should be seen as a leading bearish momentum indicator. However, if the spot price is able to resolve the current consolidation in a bullish manner, a move to the yearly pivots of US$0.10 and US$0.15 is highly likely. On the DOGE/BTC pair, buyers are unlikely to step in until the spot price bleeds below 40 sats, a historical low-risk, high-reward long entry zone.

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Post Author: CoinCryptoNews