Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin (DOGE) price has dropped to the negative trend region as it faces rejection at $0.080. The price of the cryptocurrency deviated from the moving average lines and rose above the 50-day SMA. In the current market, Dogecoin is trading between the moving average lines. Today’s low for the price of DOGE is $0.076. Currently, the asset’s price fluctuates between the moving average lines. Depending on when the moving average lines are violated, Dogecoin will trend. When the bears breach the 50-day SMA, selling pressure on the altcoin will pick up again. As a result, DOGE will fall to a low of $0.070. If buyers push the coin over the 21-day SMA, the upward movement will resume. The altcoin will return to its earlier highs of $0.09 and $0.10.
Dogecoin (DOGE) Indicator Reading
Dogecoin’s Relative Strength Index for period 14 is level 42. The altcoin is in a bearish trend and is likely to decline. The moving average lines are in between the price bars, which will force the altcoin to go sideways. The oversold area of the market is where the cryptocurrency has sunk. The daily Stochastic is below level 20 at this time. The coin is not likely to continue to decrease.
What is the next direction for Dogecoin (DOGE)?
DOGE has dropped to a low of $0.076 as it faces rejection at $0.080. The altcoin has been battling to rise above the resistance since March 21. The cryptocurrency’s price is settling just below the $0.080 resistance level. If the price rises above the most recent high, the bullish trend will resume.
You can purchase crypto coins here. Buy LBLOCK
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
- 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.