DOGE Drifts Sideways and Stabilizes Above $0.16

Dogecoin (DOGE) Price Long-term Prediction: Bearish

Dogecoin’s (DOGE) price falls below the 21-day SMA but stabilizes above $0.16. The bulls and bears have been battling the 21-day SMA barrier. Buyers have been unable to maintain bullish momentum above the moving average levels since May 30. DOGE will rise to a high of $0.21 if buyers maintain their bullish momentum above the moving average lines.

The altcoin has dipped below the moving average lines, resuming its range-bound advance above the current support level of $0.16. If the present support is breached, DOGE will fall as low as $0.14. Meanwhile, the altcoin has stopped above the $0.16 support level. The altcoin is currently trading at $0.163.

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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 repelled at the 21-day SMA barrier. The 21-day SMA is dipping lower than the 50-day SMA. The price bars are below the moving average lines, however, the slide has stopped above the present support level at $0.16. The 4-hour chart’s moving average lines are horizontal since the decline has stopped.

What Is the Next Direction For Dogecoin (DOGE)?

DOGE trades sideways but stabilizes above $0.16. On the 4-hour chart, DOGE price bars are now stabilizing above the $0.16 support but below the moving averages. The small body indecisive candlesticks known as Doji have kept the price movement static. DOGE will restart its bullish trend whenever it recovers and breaks above the moving average lines.

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