DOGE Slumps as It Loses the Critical $0.30 Support

Dogecoin (DOGE) Price Long-term Prediction: Bearish

Dogecoin (DOGE) drops to a low of $0.20 as it loses the critical $0.30 support. The crypto price fell below the crucial support level of $0.30 one month after its range-bound move. The bearish momentum has subsided above the $0.22 support as the altcoin reversed upward. On the plus side, if the bulls break above the $0.30 high, DOGE will rebound from its drop.

DOGE is likely break above the moving average lines and return to its prior range. DOGE will hit its peak of $0.40. The altcoin will decline, nevertheless, if DOGE faces rejection at the $0.30 resistance. DOGE dropped to $0.20, its previous low. DOGE is now worth $0.26.

Technical indicators

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

Dogecoin (DOGE) Indicator Reading 

A bearish crossover between the moving average lines suggests unfavorable signs. The altcoin is declining as a result of the 21-day SMA breaking below the 50-day SMA. DOGE trades between the moving average lines and the $0.22 support. 

What is the next direction for Dogecoin (DOGE)?

DOGE trades between the moving average lines and the $0.22 support as it loses the critical $0.30 support. The 21-day SMA has started fluctuating below the moving average lines, rebuffing the rising advances. The re-emergence of the Doji candlesticks indicates that the crypto signal is range-bound.

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