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 reached bearish exhaustion and may reverse at $0.068. The cryptocurrency asset could drop much more, reaching a low of $0.069. The altcoin has been consolidating above the $0.069 support since the price drop on May 8th. However, if the current support is broken, DOGE will continue to fall until it reaches its lowest point of $0.065. Doge had an upward corrective during the April 26 downturn, and a candle body tested the 78.6% Fibonacci retracement level. According to the correction, DOGE will decline but will turn around at the level of the Fibonacci extension at 1.272, or $0.068.
Dogecoin (DOGE) Indicator Reading
In the period 14 of the Relative Strength Index, DOGE is at level 41. As a result of being rejected at the 21-day MA, DOGE is falling in a bearish trend. The current decrease is brought on by the price bars being below the moving average lines. The downward slope of the moving average lines indicates a decline.
What is the next direction for Dogecoin (DOGE)?
Following a recent rejection at the 21-day SMA, DOGE is declining and may reverse at $0.068. If support is found above $0.069, the altcoin will start moving up again. The cryptocurrency asset is oscillating between the moving average lines on the 4-hour chart. It suggests that for a few days, the altcoin will have to make range-bound moves.
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
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus