Dogecoin Price Analysis for 6/5/2015 – Short Now But Maintain Stops

By May 6, 2015Bitcoin Business

After bouncing off from the trendline support near 32.7 satoshis, Dogecoin has quickly marched towards the resistance of the trading range, which comes at around 41.3 satoshis. Since the major trend is still bearish, it is advised that market participants short the virtual currency as it nears the resistance level.

Dogecoin has surged more than 16 percent to 40.7 satoshis since yesterday. Technical analysis of the 240-minute Dogecoin/Bitcoin price chart has been presented here.

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