Dogecoin Revisits $0.082 as It Faces Stiff Rejection at a Recent High

Dogecoin (DOGE) Price Long-term Prediction: Ranging
The Dogecoin (DOGE) price recovered above 50-day SMA as it faces stiff rejection at a recent high. Since the February 14 surge, the altcoin has been trading below the $0.088 high. Candlestick wicks point to $0.088, indicating significant selling pressure at the current high.

If the present resistance level is breached, the altcoin will surge to highs of $0.090 and $0.095, respectively. In the meantime, DOGE is trading below the $0.087 resistance level but above the moving average lines. DOGE is now worth $0.085 at the time of writing.

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

Dogecoin (DOGE) Indicator Reading
DOGE prices recover as price bars rise above the moving average lines. The cryptocurrency was previously caught between the moving average lines but above them. This will cause it to increase. The horizontal moving average lines are trending up, indicating an uptrend.

What is the next direction for Dogecoin (DOGE)?
DOGE/USD begins an upward trend but faces stiff rejection at a recent high. For the last 48 hours, the altcoin has been trading below the $0.087 resistance level. The present upward trend will continue if the cryptocurrency’s price retraces and finds support above the moving average lines.

If the moving average lines are breached, the currency will decrease. Meanwhile, the cryptocurrency signal is optimistic, as the price bars are higher than the moving average lines.

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