Posts

Showing posts with the label price chart

Dogecoin to Hit a New High? Analyst Says It’s Possible Despite

Image
The meme coin industry has been moving rather slowly over the past couple of weeks. While several assets managed to revisit their all-time highs or set new ones, Dogecoin (DOGE) and Shiba Inu (SHIB) were still at a distance. The OG meme cryptocurrency DOGE soared to a high of $0.7376. This happened about four years ago, in 2021. The asset has been struggling to reclaim this milestone again. The closest that DOGE has surged to is $0.4835. Despite this, an analyst is optimistic about the meme coin’s potential ascent. Also Read: Gold Hits Record $3,167: How Trump’s Tariffs Are Fueling the Surge Analyst Urges Investors To Remain Positive Source: Watcher Guru According to an analyst, Dogecoin’s three-month chart is reportedly showing positive indications. In a recent post on TradingView, the expert pointed out that the asset’s price has been forming higher lows. This further suggests an upward trend. But the Relative Strength Index (RSI) is on the decline. A “bullish ...

Bitcoin price chart is still bearish, warns analyst

Image
Bitcoin (BTC) sentiment turned slightly bullish after a recent correction, testing the $60,000 psychological resistance. However, an analyst weighed in, warning that Bitcoin’s price chart “is bearish and says down” while explaining he is short. The short-seller is Alan Santana, a prominent cryptocurrency technical analyst who shared this idea on TradingView on September 11. Santana has updated his trading status, with the last update on Saturday, September 14, doubling down on the bearish bias. “Last time, the majority of the people were wrong. They believed Bitcoin was going up while very strong and clear signals were pointing to the contrary. The market did not move to make those inexperienced traders happy, instead it moved according to the chart. Now, here I am not sharing my opinion or personal conviction, I am reading the chart. The chart is bearish and says down.” – Alan Santana ...