DOGE Rallies but Halts Below the $0.26 Barrier

Dogecoin (DOGE) Price Long-term Prediction: Bullish

Dogecoin (DOGE) price resumes positive momentum but halts below the $0.26 barrier. However, the bulls broke above the 50-day and 21-day SMA barriers, but the price has yet to retest and close above the 21-day SMA support. DOGE will rise to highs of $0.28 and $0.30 if the crypto price closes above the 21-day SMA support level.

If DOGE falls below the 21-day SMA barrier, it will become caught between the moving average lines. The crypto asset will fluctuate between the moving average lines. Today, DOGE is worth $0.256.

Technical indicators

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

Dogecoin (DOGE) Indicator Reading

Currently, the DOGE price sits between the moving average lines. The cryptocurrency price has breached above the moving average lines, but it has now retreated. The lengthy candlestick wick near the 21-day SMA barrier suggests heavy selling pressure. On the 4-hour chart, the moving average lines are sloping lower, but the 21-day SMA and price are above the 50-day SMA support.

What Is the Next Direction For Dogecoin (DOGE)?

DOGE has been trading sideways above the $0.22 support but halts below the $0.26 barrier.The cryptocurrency price has been oscillating above the present support and below the moving average lines. On October 1, the altcoin rallied and broke above the moving averages. Bullish momentum has stalled below the $0.26 high. The crypto signal is favorable, as the altcoin enters the bullish trend zone.

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