Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin’s (DOGE) price is falling below the moving average lines as it struggles to stay above the $0.135 low. The price indicator already confirmed that DOGE will fall below the 2.0 Fibonacci extension, or $0.1318 low. Nonetheless, additional declines in the cryptocurrency are unlikely, as buyers have defended the $0.14 support since March 11. DOGE will fall to $0.10 if it loses the $0.14 support.
On the upside, buyers must push the cryptocurrency price above the 21-day EMA barrier for DOGE to resume its upward trend. A break above the 21-day SMA will send DOGE to a high of $0.18, followed by a high of $0.26. DOGE is currently worth $0.148 at the time of writing.
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 and 50-day moving averages are trending lower, with the 21-day SMA barrier acting as resistance to the price bars. DOGE will fall once the crypto price is repelled by the 21-day SMA barrier. On the 4-hour chart, the price bars have shifted between the downward-sloping moving average lines. DOGE will be compelled to move in a range between the moving average lines.
What Is the Next Direction For Dogecoin (DOGE)?
The DOGE price stalls its decline as it struggles to stay above the $0.135 low. Since November 21, the altcoin has traded above the $0.135 support but below the $0.155 high. DOGE’s upward correction has failed, with rejection at the $0.155 high. The cryptocurrency price is currently between the moving average lines. The altcoin starts to trend when the moving average lines are breached.
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