Dogecoin (DOGE) Price Long-term Prediction: Bullish
Dogecoin (DOGE) rallies but stalls below $0.265 after breaking above the moving average lines on September 7. The cryptocurrency was previously range-bound, trading below the moving average lines but above the $0.205 support. The altcoin has kept rising since breaking above the barrier levels of $0.24 and $0.25. DOGE is rising as it approaches the previous high of $0.287.
DOGE has rebounded to its previous high of $0.287 for the second time since July 25. The upward momentum has stalled below the $0.265 high. Today’s bullish momentum has reached a peak of $0.26 as of this writing.
Technical indicators
Major Resistance Levels $0.45 and $0.50
Major Support Levels – $0.30 and $0.25
Dogecoin (DOGE) Indicator Reading
Following the current price bounce, the price bars have risen above the moving average lines. The 21-day SMA has rebounded above the moving average lines, indicating that the cryptocurrency is rising. The weekly chart’s moving average lines are horizontal, reflecting a previous sideways trend. On the 4-hour chart, the moving average lines slope northward, indicating the current trend.
What Is the Next Direction For Dogecoin (DOGE)?
DOGE is on the rise but stalls below $0.265 after breaching above the moving averages. On the 4-hour chart, the cryptocurrency price burst through the $0.25 barrier before pulling back and retesting the 21-day SMA support before continuing upward. The upward trend has already stalled at the $0.2650 high.
On the upside, a break above $0.265 will send the altcoin to its previous high of $0.287. Currently, the crypto signal is optimistic because the DOGE price is above the 21-day SMA support.
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