Dogecoin Is in a Range as it Challenges the $0.078 High

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
Dogecoin (DOGE) is becoming more expensive as it challenges the $0.078 high. The cryptocurrency asset’s downward trend came to an end as it fell to a low of $0.062. DOGE’s price is currently $0.075 as it approaches the area of the bullish trend. The current upward bullish movement is most likely to continue. If the 50-day SMA is broken, the price movement will accelerate to the upside. The value of the coin will peak at $0.09 or $0.10. However, DOGE will be forced to trade in a range between the moving average lines if the bulls are unable to surpass the 50-day line SMA. Dogecoin is trading within the moving average lines’ current trading range. If the moving average lines are broken, the altcoin will trend.

Dogecoin (DOGE) Indicator Reading
The Relative Strength Index for period 14 has DOGE at level 49. Demand and supply have now reached equilibrium, and DOGE is currently trading at that price level. The price of the cryptocurrency is above the 21-day line SMA but below the 50-day line SMA, suggesting that it may move in a range. Above the daily Stochastic level of 50, the altcoin is in a bullish momentum.


What is the next direction for Dogecoin (DOGE)?
Dogecoin has broken above the moving average lines as it challenges the $0.078 high. Buyers have been working tirelessly to keep the price above the resistance at $0.0780 since March 14. The bulls’ attempts to break through the resistance at level $0.078 have been blocked twice.

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