Dogecoin (DOGE) Price Long-term Prediction: Bearish
The upward trend of Dogecoin (DOGE) stopped on March 5 as it resumed its bullish rise. On March 5, the cryptocurrency price rose to a high of $0.20 before being repulsed. The altcoin fell rapidly to a low of $0.12 as bulls bought dips.
Since March 9, DOGE has fluctuated below the resistance level of $0.18. Today, the altcoin has fallen above its moving average lines. DOGE is now worth $0.15. On the negative, the altcoin is likely to fall further, reaching a low above $0.13.
On the upside, DOGE’s bullish trend will resume if the cryptocurrency’s price remains above the moving average lines. The coin will soar to its prior highs of $0.18 and $0.20.
Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Indicator Reading
DOGE’s price bars have risen above the moving average lines following the recent dip. The altcoin will move above the moving average lines. On the 4-hour chart, price bars are significantly lower than the moving average, indicating a downtrend.
What is the next direction for Dogecoin (DOGE)?
The DOGE price is declining above the $0.15 support as it resumes its bullish rise. According to price indications, the altcoin will fall further to a low of $0.13. In other words, the crypto signal will turn positive as soon as DOGE resumes its bullish trend.
On the daily chart, DOGE is lingering above the 21-day SMA, indicating that buyers plan to halt the slide.
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