DOGE Remains Above $0.17 as Bears Try to Sink It

Dogecoin (DOGE) Price Long-term Prediction: Bullish

The price of Dogecoin (DOGE) has fallen and retested the support of the moving average lines as bears try to sink it. For the past two weeks, DOGE has been trading above the moving average lines as buyers attempt to push the price above the resistance at $0.19. On April 26, the bulls broke above the $0.19 high but failed to sustain the bullish momentum.

The bears have broken the price range between the moving average lines and the $0.19 barrier. On the downside, if the price drops below the moving average lines, DOGE will return to its prior low of $0.165. The current value of DOGE is $0.170.

Technical indicators

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

Dogecoin (DOGE) Indicator Reading

DOGE is dropping below the 21-day SMA even though it is above the 50-day SMA. DOGE will be trapped between the moving average lines if the 50-day SMA support holds. The horizontal moving average lines, which have a sideways inclination, are where the price bars are located.

What is the next direction for Dogecoin (DOGE)?

In the meantime, DOGE continues to trade between the moving average lines as bears try to sink it. Bears are attempting to break through the 21-day SMA support, but DOGE’s bullish ascent is failing. Selling pressure will return to the downside if the bearish trend breaches below the 50-day SMA. DOGE will fall to $0.14, its lowest price ever.

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