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DOGE

Dogecoin Pauses above $0.076 in Expectation of an Increase in Value

Azeez Mustapha
Updated 1 min read
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Dogecoin Pauses above $0.076 in Expectation of an Increase in Value

Dogecoin (DOGE) Price Long-term Prediction: Bullish
The price of Dogecoin (DOGE) has remained above the moving average lines in expectation of an increase in value. Since November 17, the DOGE price has been ranging between $0.080 and $0.087. Today, the altcoin is rising to retest the $0.087 resistance level.

If buyers surpass the barrier at $0.087, the cryptocurrency will reach a high of $0.103. DOGE/USD, on the other hand, will fall if sellers emerge in the overbought region. Second, the market will resume its range-bound movement between the $0.072 and $0.087 price levels.

Dogecoin Pauses above $0.076 in Expectation of an Increase in Value
DOGE/USD – Daily Chart

Technical indicators
Major Resistance Levels – $0.12 and $0.14
Major Support Levels – $0.06 and $0.04

Dogecoin (DOGE) Indicator Reading
The price of DOGE is falling as it approaches the moving average lines. As long as price bars remain above the moving average lines, the uptrend will continue. If the bears break below the 21-day SMA, the cryptocurrency will begin to fall.

On the 4-hour chart, the DOGE price is fluctuating because it is caught between the moving average lines.

What is the next direction for Dogecoin (DOGE)?
The current upswing has reached overbought territory at $0.087 in expectation of an increase in value. DOGE’s price has fluctuated between $0.072 and $0.087 since November 17. The present upsurge has tapered off above the moving average lines.

Buyers are holding the current price level above the moving average lines in anticipation of a further rise.

Technical indicators Major Resistance Levels – $0.12 and $0.14 Major Support Levels – $0.06 and $0.04
DOGE/USD – 4-hour Chart

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