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BNB : Bulls Aim Fresh Break above $300It is still trading well above $260 and the 100 simple moving average (4-hours). The bulls are protecting the $265 and $260 support levels. The next major support is near the $255 level (It is close to the 50% Fib retracement level). There is also a key bullish trend line forming with support near $245 on the 4-hours chart of the BNB/USDT pair On the upside, the bulls are facing resistance near the $285 and $290 levels. The main resistance is still near the $300 level. If BNB fails to continue higher above $285 and $295, there could be a fresh downside correction. The first major support is near the $255 level. The next major support is near the $245 level and the trend line. If there is a downside break below the trend line support, there could be a drop towards the $220 support zone.
by bituni
DOGE bulls relentlessly push for gains beyond $0.07Dogecoin finally broke out of the symmetrical triangle. Meanwhile, DOGE is teetering at $0.053 amid the struggle to complete the triangle breakout target. Notably, the MACD has validated the break by crossing above the mean line. Besides, the MACD line (blue) cross above the signal line is a bullish impulse. A minor correction has occurred due to the seller congestion at $0.063, and Dogecoin is seeking refuge at around $0.058. Support at this crucial level must be reclaimed to ensure that the upswing to $0.07 remains intact.
by bituni
DOGEUSDT : Dogecoin Price Prediction Dogecoin price action from January 30 to-date has resulted in a continuation pattern known as “bull flag”. The technical formation predicts a 75% bull rally. This target puts DOGE at $0.1. For a successful breakout, DOGE needs to move past an immediate resistance level at $0.055, which coincides with the 50% Fibonacci retracement level. However, only a four-hour candlestick close above $0.058 would confirm a bullish breakout. Also, Dogecoin is facing mounting sell pressure from multiple technical indicators. The 50 four-hour moving average (MA) and the 100 four-hour MA have moved above the price. This development might threaten any future short-term buying momentum. Therefore, if Dogecoin price slices below the initial support at $0.047 or the 38.2% Fibonacci retracement level, it could trigger a 20% sell-off. This drop puts DOGE at $0.037, which coincides with the 23.6% Fibonacci retracement level.
by bituni
DOGEUSDT : DOGE battles key hurdles Dogecoin bulls need to cross a descending resistance line from February 07 and 21-day SMA, near 0.0585-90, to gain the market’s confidence in witnessing the 0.1000 threshold. Alternatively, 50% and 61.8% Fibonacci retracement of late January run-up, respectively around 0.0474 and 0.0379, will be the key to stop the DOGE/USD bears ahead of 50-day SMA, at 0.03257 now. Overall, DOGE/USDT is up for consolidating the wild gained marked a few weeks back. However, bulls shouldn’t be disappointed as fundamentals favor the coin.
by bituni