DOGE Pauses Above $0.14 and Resumes Bullish Ascent

Dogecoin (DOGE) Price Long-term Prediction: Bearish

Dogecoin (DOGE) falls to a low of $0.143 and resumes bullish ascent. The cryptocurrency asset is currently range-bound between the resistances at $0.25 and the $0.14 support. However, the altcoin has been compelled to trade below the moving average lines but above the $0.14 support since June 5. The price of DOGE moves below the 21-day SMA barrier.

The selling pressure will return if DOGE rejects the barrier and breaks below the $0.14 support. DOGE will drop even further, hitting a low of $0.12. If the $0.14 support holds, the altcoin will increase. A positive trend occurs when buyers push the price above the moving average lines.

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Technical indicators

Major Resistance Levels $0.45 and $0.50
Major Support Levels – $0.30 and $0.25

Dogecoin (DOGE) Indicator Reading

The 21-day SMA is below the 50-day SMA, and the moving average lines are sloping downward. Doji candlesticks are used to represent the slow price bars. DOGE has plummeted to the bottom of the chart on the lower time.

What Is the Next Direction For Dogecoin (DOGE)?

DOGE’s price drops to its lowest point and resumes its bullish ascent.The altcoin will pull back every time it retests the $0.14 support. In the shorter period, DOGE has been trading above the $0.14 support but below the $0.17 barrier. The upward move is currently being stopped by the $0.17 barrier and the moving average lines. The crypto signal is range-bound as the altcoin continues to pause above the $0.14 support.

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