Dogecoin Stabilizes but Fears Additional Rejection at $0.082

Dogecoin (DOGE) Price Long-term Prediction: Ranging
The price of Dogecoin (DOGE) has stabilized above the $0.076 support but fears additional rejection at $0.082. The altcoin has traded below the moving average lines but above the $0.076 support throughout the past week.

However, on January 11, purchasers attempted to keep the price above the moving average lines but were unable. On January 3 and 8, bears attempted to lower DOGE to its historical lows. The price fluctuation has remained limited to the existing range.

The moving average lines stopped the upward movements. The altcoin is currently trading at $0.080 as 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’s price is below the moving averages as it approaches its current support level of $0.076. Furthermore, the Doji candlesticks limit price movement in both directions. On the 4-hour chart, the moving average lines slope horizontally, indicating a lateral trend.

What is the next direction for Dogecoin (DOGE)?
DOGE/USD has risen above the $0.76 but fears additional rejection at $0.082. The altcoin’s price ranges from $0.076 to $0.086. Today, the altcoin is declining as it faces rejection at the high of $0.082 or the moving average lines.

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