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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: Bullish
The price of Dogecoin (DOGE) is currently trading below the moving average lines as buyers keep their position above $0.060. It’s also between $0.060 and $0.070. Doji candlesticks have been present, which has kept the price movement steady.
Doji candlesticks signal purchasers’ disinterest in the market’s direction. On the plus side, if buyers maintain their position above the $0.070 high or the 50-day SMA, DOGE will soar to highs of $0.080 and $0.090.If sellers breach below the 21-day SMA or $0.060 support, the downtrend will begin, and the DOGEUSD will return to its previous low of $0.05.
Dogecoin (DOGE) Indicator Reading
DOGE is falling as it reaches Relative Strength Index level 45 for period 14. The coin has the potential to fall farther. The price bars have now fallen below the moving average lines, adding to the selling pressure.The bearish momentum has stalled below the daily Stochastic level of 50.
What is the next direction for Dogecoin (DOGE)?
DOGE/USD has broken below the 21-day simple moving average as buyers keep their position above $0.060. The Doji candlesticks, on the other hand, have limited the price movement. The cryptocurrency asset will be forced to continue moving between the range bound levels.
When the present resistance and support levels are breached, the altcoin will trend.
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