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Dogecoin (DOGE) Price Long-term Prediction: Bullish
Dogecoin’s (DOGE) price breaks above the resistance of $0.19 as it resumes an upward advance. The crypto asset is backtracking after reaching a recent peak. DOGE is rising as it recovers from its recent downturn. Buyers are driving the cryptocurrency towards the overhead resistance of $0.74.
The altcoin is currently decreasing as it approaches the breakout milestone of $0.19. The present rise will continue if it remains above the $0.19 support. The altcoin will rise to its prior high of $0.22. On the upside, if the $0.22 resistance level is broken, Dogecoin will rise to a high of $0.41.
If the $0.19 support is broken, the DOGE/USD price range of $0.12 to $0.19 will resurface. The altcoin is currently trading at $0.21.
Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Indicator Reading
DOGE’s price bars have returned above the moving average lines on both charts. This indicates an upward trend of the cryptocurrency. The moving average lines are trending northward, indicating an uptrend.
What is the next direction for Dogecoin (DOGE)?
DOGE has been trading sideways on the 4-hour chart as it resumes an upward advance. The altcoin’s price has fluctuated between $0.12 and $0.19. On March 28, the bulls pierced the resistance at $0.19 and reached a high of $0.229.
The crypto has retraced to the $0.19 support level before the cryptocurrency’s last upward advance.
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