DOGE Fluctuates but It Steadies Above the $0.13 Low

Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04

Dogecoin (DOGE) Price Long-term Prediction: Ranging
Dogecoin (DOGE) is still trading below the moving average lines but it steadies above the $0.13 low. DOGE has previously tested the current $0.12 support level four times, but bulls have recovered from the dips. On June 14, DOGE fell again to a low of $0.132. Since March 19, DOGE has remained above the $0.13 support.

If the present support level holds, the altcoin will restart its upward trend. A break above the moving average lines will catapult DOGE to its prior highs of $0.18 and $0.20. If the current support is breached, DOGE will fall back to its prior low of $0.12. In the meantime, DOGE/USD is trading at $0.136 as of this writing.

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Dogecoin (DOGE) Indicator Reading 
Following the price drop on June 7, the price bars reverted to below the moving average lines. The blue line moving average slopes downward as it falls below the red line moving average. DOGE price swings have been characterized by small bodies and indecisive candlesticks.

What is the next direction for Dogecoin (DOGE)?
The 4-hour chart shows DOGE steadies above the $0.13 low. Bulls bought dips, causing the altcoin to retest the $0.13 resistance zone twice. Since March 18, the price has remained above the $0.13 support. The cryptocurrency signal has maintained its range-bound movement above the $0.13 support.

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