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Dogecoin (DOGE) Price Long-term Prediction: Bearish
The Dogecoin (DOGE) price trades above the $0.14 support and below the moving average lines but stays steady above $0.15. The altcoin had previously surged to a high of $0.2286 but was halted at resistance levels. On April 13, the cryptocurrency fell to a low of $0.12, but bulls purchased the dips.
DOGE has been trading inside this range for the past week after the price recovery. DOGE is currently worth $153. The bears are attempting to drop the altcoin as low as $0.14. On the downside. If the present support is breached, DOGE will return to the prior price of $0.12.
In contrast, if DOGE rebounds above the $0.15 support, the bearish scenario will be invalidated. DOGE/USD will surge above the moving average lines, reaching a high of $0.22.
Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Indicator Reading
On the 4-hour chart, the price bars have consolidated above and below the moving average lines. The price bars are dominated and defined by Doji candlesticks, which limit price fluctuation. The moving average lines are horizontally flat, indicating a sideways trend.
What is the next direction for Dogecoin (DOGE)?
The cryptocurrency is still trading between $0.14 and $0.17 but stays steady above $0.15. DOGE is plunging as bears aim to send the altcoin to its present support or previous low. The price movement is currently constrained by Doji candlesticks. The fall has halted above the $0.15 level. The crypto signal will stay range-bound because the price is stationary.
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