Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin’s (DOGE) price has recovered after plunging to a low of $0.056 as it trades in a limited range. The cryptocurrency saw an upward reversal after breaking above the moving average lines. The altcoin reached a high of $0.062 before being resisted.
DOGE/USD is now trading below the moving average lines. At the time of writing, it was trading at $0.059. The rising movement has been constrained by moving average lines or resistance at $0.061. The cryptocurrency is now trading in a small range between $0.058 and $0.061.
If the bears breach the present support level of $0.058, selling pressure will resume. DOGE will fall and retest its prior low of $0.055.
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 are always lower than the moving average lines, causing the cryptocurrency to fall or move sideways. This is because the 21-day and 50-day SMAs operate as resistance lines to the cryptocurrency. The bulls haven’t broken above the moving average lines since the slump started.
What is the next direction for Dogecoin (DOGE)?
Dogecoin has kept falling since losing the $0.060 support as it trades in a limited range. The coin has dropped to the bottom of the chart, forming a new price range. DOGE will be forced to trade between the price levels of $0.058 and $0.061. When these levels are breached, the altcoin will trend.
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.