Dogecoin (DOGE) Price Long-term Prediction: Ranging
Dogecoin’s (DOGE) price strives to break above the moving averages and remains above $0.10. The selling pressure subsided on August 5 as the altcoin maintained its sideways trajectory. On the upside, buyers attempted to keep the price above the moving average lines to resume the positive trend. The upward trend is under selling pressure near the $0.13 high.
DOGE has been repelled twice by the $0.13 resistance. On the downside, the downtrend has ended, with bulls halting the decline above the $0.090 support. The cryptocurrency asset is trading between $0.090 support and $0.13 resistance. DOGE is now worth $0.109.
Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Indicator Reading
DOGE price bars fall between the moving average ‘lines. The bulls are trying to keep the price above the moving averages. The moving average lines are horizontal, and the price bars slope below and above them. Doji candlestick formations limit the price movement.
What is the next direction for Dogecoin (DOGE)?
On the 4-hour chart, DOGE remains above $0.10 support but below the $0.115 resistance level. The altcoin is sliding due to resistance at a recent peak. The altcoin has halted and is consolidating above the $0.109 support. The crypto signal remains range-bound as the altcoin consolidates above the current support.
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