DOGE Bounces Below the Next Hurdle at $0.28

Dogecoin (DOGE) Price Long-term Prediction: Bullish

The Dogecoin (DOGE) price has broken above the moving average lines as it bounces below the next hurdle at $0.28. Prior to the breakout on July 10, the cryptocurrency asset had been range-bound between the $0.16 support and the moving average lines. Today’s positive momentum reached a peak of $0.279.

The crypto price broke above the $0.21 and $0.26 barriers, but was halted at the $0.28 barrier. Since July 20, the price has been below the $0.28 level. The cryptocurrency price is bouncing below its previous high in anticipation of a bullish trend. A break above the $0.28 barrier will catapult the altcoin to $0.40. Today, DOGE is worth $0.27.

Technical indicators

Major Resistance Levels $0.45 and $0.50
Major Support Levels – $0.30 and $0.25

Dogecoin (DOGE) Indicator Reading

The price bars are above the 21-day and 50-day moving average lines. This increases the likelihood that DOGE will resume its upward trajectory. There are now bullish indicators since the 21-day SMA is above the 50-day SMA. On the 4-hour chart, the moving average lines are forming a smooth upward trend.

What Is the Next Direction For Dogecoin (DOGE)?

DOGE’s price has increased to the next hurdle at $0.28. On the 4-hour chart, the cryptocurrency price has stalled and is consolidating above the $0.27 support level. At the moment, the crypto price is above the 21-day SMA support but below the $0.28 high. A positive trend will start when the price rises above the $0.28 mark. The crypto signal is positive because the price is higher above the 21-day SMA support.

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