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The bulls tried to push the price above the overhead resistance at $0.48, but the bears held their ground. If the price turns up from the current level or the 20-day EMA ($0.41), the bulls will again try to propel the DOGEUSDT pair to the channel’s resistance line. The bears are expected to defend the resistance line with all their might because a break above it could catapult the pair to $0.60. If bears want to prevent the upside, they will have to tug the price below the channel’s support line. The pair may then tumble to the 50-day SMA ($0.30)
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The pair has been trading above the moving averages, indicating a slight edge to the bulls. The up move is expected to face stiff resistance in the $101,900 to $104,088 zone. A break above that could launch the pair toward $113,331. On the contrary, a break and close below the moving averages could tempt short-term bulls to book profits. That may pull the price to $90,000, which is likely to attract buyers. If the price rebounds off $90,000 and rises above the moving averages, it will signal a range formation. The pair may trade between $90,000 and $104,088 for some time. Dogecoin price analysis Dogecoin (DOGE) has been rising inside an ascending channel pattern, indicating buyers have the upper hand $BTC
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The pair has been trading above the moving averages, indicating a slight edge to the bulls. The up move is expected to face stiff resistance in the $101,900 to $104,088 zone. A break above that could launch the pair toward $113,331. On the contrary, a break and close below the moving averages could tempt short-term bulls to book profits. That may pull the price to $90,000, which is likely to attract buyers. If the price rebounds off $90,000 and rises above the moving averages, it will signal a range formation. The pair may trade between $90,000 and $104,088 for some time. Dogecoin price analysis Dogecoin (DOGE) has been rising inside an ascending channel pattern, indicating buyers have the upper hand $BTC
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A tight consolidation near $100,000 improves the prospects of an upside breakout. If buyers thrust the price above $104,088, the bullish momentum may pick up and the BTCUSDT pair surge to $113,331 and thereafter to $125,000. The 20-day exponential moving average ($95,285) is the crucial near-term support to watch for. If this level breaks down, it will suggest that the bulls are hurrying to book profits. The pair may dip to $90,000 and subsequently to the 50-day simple moving average ($84,110).
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Along with Bitcoin, Donald Trump’s United States presidential victory has boosted the price of several altcoins. Still, Hartmann Capital managing partner Felix Hartmann said in a post on X that venture capitalists and teams may book profits aggressively in altcoins, which could result in an ugly leg down. Will select altcoins continue to outperform in the near term if Bitcoin enters a period of consolidation? Let’s look at the top five cryptocurrencies with a strong chart structure. Bitcoin price analysis Bitcoin is facing resistance near the psychologically crucial level of $100,000, but the bulls are not rushing to the exit.
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