Dogecoin (Doge) Fluctuates Between $0.050 and $0.060, May Resume Uptrend


Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Ranging
Today, the DOGE price is falling after reaching the high of $0.059. Generally, the altcoin is in a downward correction after the March 15 drawdown. The crypto fell to the low of $0.0550 and commenced range-bound movement. The coin is fluctuating between $0.055 and $0.060. DOGE will resume upward if the price breaks the $0.060 price level. Otherwise, the current fluctuation will persist.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE is at level 54 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The 50-day and 21-day SMAs are sloping horizontally indicating the sideways move.

DOGE/USD Medium-term bias: Ranging
On the 4 hour chart, the crypto is range-bound. The price is likely to move up if the resistance at $0.060 is breached. On March 8, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extension . That is the high of $0.072.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 60% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The SMAs are sloping upward.

General Outlook for Dogecoin
DOGE is still fluctuating between $0.050 and $0.060. The crypto is yet to trend. The altcoin is likely to trend if price breaks the upper price range. Buyers are struggling to break the resistance at $0.060.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.