Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin (DOGE) price continues its slide to $0.13 after breaching the $0.18 support. Since October 11, DOGE has been in a range-bound movement above the $0.18 support but below the moving average lines. Buyers failed to hold the price above the 21-day SMA, which might have pushed it to a high of $0.25. DOGE has turned down from the 21-day SMA and broken the $0.18 support level.
The cryptocurrency has plummeted and is now trading above the $0.16 support level. On the downside, if the bears break the $0.16 support, DOGE will fall to the expected price level of the 2.0 Fibonacci extension, or $0.1318. However, DOGE is now worth $0.1647 at the time of writing.
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 close to and below the downward-sloping moving average lines. DOGE is sliding as it confronts rejection at the 21-day SMA level. On the 4-hour chart, the price bars are positioned between the moving average lines. It suggests that the cryptocurrency may fluctuate within a specific range for a few days. If the bears breach the 21-day SMA support on the 4-hour chart, selling pressure will start.
What Is the Next Direction For Dogecoin (DOGE)?
The price of DOGE continues its slide to $0.13 after its rejection at the $0.17 barrier. The crypto price has risen; however, it is encountering rejection at its recent peak. Meanwhile, the cryptocurrency signal is negative in terms of price projection.
Make money without lifting your fingers: Start using a world-class auto trading solution.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
