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Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin’s (DOGE) downward trend has eased as it attempts a reversal above $0.069. But over the past month, the price of the altcoin has been ranging between $0.070 and $0.075 levels. Bulls and bears, on the other hand, are engaged in a struggle while the price stays inside a range. One DOGE is worth $0.071 when this article is created. Due to the Doji candlestick shape, the price movement has currently slowed down. The rise of DOGE has been halted by the 21-day SMA and the $0.075 barrier. The price signal anticipated a likely DOGE reversal to the negative near the $0.069 low.
Dogecoin (DOGE) Indicator Reading
DOGE is going sideways as it approaches level 47 on the Relative Strength Index for period 14. The altcoin is probably going to fall in value as it enters the bearish trend zone. The price bars are below the moving average lines, which suggests a potential decline. There is a bearish momentum for the altcoin when it falls below the 50-point level of the daily stochastics.
What is the next direction for Dogecoin (DOGE)?
The market’s direction for DOGE is unpredictable as it attempts a reversal above $0.069. The price indicator has indicated that the value of the cryptocurrency has risen above $0.069 in value. The range-bound movement has nevertheless remained a sideways trend.
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