Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01
DOGE/USD Long-term Trend: Bullish
DOGE price has resumed upward move after buyers broke the resistance line of the horizontal channel. The altcoin has rallied to $0.144 high. The RSI has indicated that the coin has reached the overbought region of the market. Therefore further upward move is doubtful.
Daily Chart Indicators Reading:
DOGE price has risen to level 85 of the Relative Strength Index period 14. It indicates that the market has reached the overbought region. That is further upside momentum is unlikely. The 50-day and 21-day SMAs are sloping upward indicating the uptrend.
DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, DOGE has resumed an upward move after price rebounded above level $0.072 support. The uptrend is facing resistance at level $0.144.Meanwhile, on April 14 uptrend, 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 $0.19.
4-hour Chart Indicators Reading
DOGE is below the 80% range of the daily stochastic. However, the stochastic bands are sloping upward indicating an upward move. The coin has a bullish crossover, that is, the 21-day SMA crossing over the 50-day SMA. This indicates a bullish signal. The 21-day and 50-day SMAs are sloping upward.
General Outlook for Dogecoin
DOGE price has rebounded from its sideways move. There is a possibility of more upside momentum if price breaks the resistance at $0.14. Presently, buyers are attempting to break the resistance at $0.14. According to the Fibonacci tool analysis, the market will rise to a level $0.19.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.