Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15
DOGE/USD Long-term Trend: Bullish
Dogecoin is in the bullish trend zone as price breaks above the downtrend line and the moving averages. The current upward move is facing resistance at the $0.28 high. On August 8, DOGE was repelled at the $0.28 high and the altcoin declined to $0.24 low. Today, the bulls are yet to break the resistance level. A break above the resistance will catapult the coin above $0.36 high. In the meantime, the crypto is falling but the retracement has stopped.
Daily Chart Indicators Reading:
DOGE /USD is at level 67 of the Relative Strength Index period 14. It indicates that the DOGE price is in the downtrend zone and will reach the overbought region at level 70. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. Today’s price bars are still above the 21-day SMA and the 50-day SMA which suggest a further upward movement of the crypto.
DOGE/USD Medium-term bias: Bullish
On 4 hour chart, the DOGE price has retested the $0.28 resistance twice. The crypto’s price is fluctuating below the recent high. Meanwhile, on August 8 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.0 Fibonacci extensions or level $0.37.
4-hour Chart Indicators Reading
Dogecoin is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The moving averages are sloping upward indicating the uptrend. DOGE price will rise as the crypto’s price is above the 21-day and the 50-day SMA.
General Outlook for Dogecoin
DOGE upward move is likely. The coin is trading in the bullish trend zone. If the bulls break the $0.28 high, the crypto will rise to $0.36 high. Presently, the price is consolidating below the resistance level to break above it. According to the Fibonacci tool, the market will decline to level 1.272 Fibonacci extensions or level $0.1867
You can purchase crypto coins here: Buy Tokens
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 result
- 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.