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Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin (DOGE) has been losing value as it fell to a low of $0.073. The negative momentum is aiming for the last low at $0.073. The market has plunged to a low of $0.074 as of this writing. The cryptocurrency’s price is currently hovering above the critical support level of $0.073.
On January 3, as the altcoin continued to meet rejection, the bulls bought the dips at the $0.073 low. The altcoin has entered the market’s oversold area. On the downside, DOT/USD will be trading between the $0.073 and $0.085 price levels if the present support at $0.073 holds.
Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04
Dogecoin (DOGE) Indicator Reading
The price bars of DOGE are below the lines of the moving averages that slope downward. The tail of the lengthy candlestick indicates robust buying near the $0.073 support level. The drop has subsided above the critical support.
What is the next direction for Dogecoin (DOGE)?
Dogecoin approaches the oversold region of the market as it falls to a low of $0.073. Polkadot price bounces as it approaches the critical support at $0.073. Since November 7, the critical support has been holding as the altcoin pulls back after retesting the current support.
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