DOGE Is Still Above $0.30 and Is Trending Sideways

Dogecoin (DOGE) Price Long-term Prediction: Bullish

Dogecoin’s (DOGE) price has fallen below the 21-day SMA support and is trending sideways. Buyers have been unable to push DOGE above the $0.45 resistance level. On December 8, buyers pushed the altcoin to a high of $0.48 before retreating. On the downside, the bears have already fallen below the 21-day SMA. DOGE trades below the 21-day SMA but above the 50-day SMA.

The bearish momentum may continue above the 50-day SMA, or $0.31 low. If the 50-day SMA support holds, the cryptocurrency will become caught between the two moving average lines. However, if the 50-day SMA support is broken, selling pressure will remain low at $0.20. Meanwhile, DOGE is currently worth $0.39.

.50 and .55 Major Support Levels – .40 and .35" width="1005" height="550" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/12/DOGEUSD_Daily-Chart-DEC.10.png"/>

Technical indicators

Major Resistance Levels – $0.50 and $0.55
Major Support Levels – $0.40 and $0.35

Dogecoin (DOGE) Indicator Reading 

DOGE’s price has dropped between the moving average lines, indicating that the cryptocurrency will most likely trade in a range. When the price breaks above the 21-day SMA, the altcoin will restart its upward trend. DOGE will drop more if it retraces and falls below the 50-day simple moving average. The altcoin will float sideways for a few days if the range-bound levels are not breached.

What is the next direction for Dogecoin (DOGE)?

The cryptocurrency asset is declining below the moving average lines and is trending sideways. The downward trend has abated as it hit a low above the $0.36 support. On November 26, DOGE saw an upward correction after plunging back to its prior low of $0.36.
Meanwhile, the cryptocurrency price is range-bound, with the altcoin caught between the moving average lines.

.30 and Is Trending Sideways" width="1005" height="550" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/12/DOGEUSD_4-hour-Chart-DEC.10.png"/>

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 or presented product or event. We are not responsible for your investing results.