DOGE Moves Laterally While Maintaining Its $0.090 Support

Dogecoin (DOGE) Price Long-term Prediction: Ranging

Dogecoin (DOGE) price is above the $0.090 support but below the $0.11 barrier, and has continued to maintain its $0.090 support. The cryptocurrency’s price broke above the moving average lines twice but was rebuffed. Today, the altcoin is retreating towards the important support of $0.090.

Nonetheless, the price prediction has already indicated that the downturn is ending and the trend may reverse above the $0.10 support level. On the upside, purchasers attempted three times to resume a bullish trend but were unsuccessful. DOGE faces selling pressure at higher price levels, which explains the sideways trend.

On the downside, additional selling pressure is doubtful, but the currency is dropping as it approaches the critical support level of $0.090.

Technical indicators

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

Dogecoin (DOGE) Indicator Reading 

The DOGE price is sideways, fluctuating below and above the moving average lines. Buyers kept the price above the moving average lines but were unable to maintain the positive momentum above them. The price bars are between the moving average lines, which may force the altcoin to maintain its range-bound trend.

What is the next direction for Dogcoin (DOGE)?

DOGE price has maintained its $0.090 support despite twice breaking above the moving averages. The cryptocurrency asset is retreating after being pushed back by the 50-day SMA. The altcoin has returned to its current price range of $0.090-$0.11. The DOGE crypto signal will be good once the market reaches the oversold zone.

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