Dogecoin Surges Ahead as It Approaches the $0.064 Barrier

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Dogecoin (DOGE) Price Long-term Prediction: Bearish
Dogecoin’s (DOGE) price is in a positive momentum as it approaches the $0.064 barrier. The cryptocurrency price broke through the $0.060 resistance level and rose above the moving average lines. The current price increase is expected to extend to the high of $0.064.

It is unlikely that the positive momentum would continue above the $0.064 high. The current high represents an overbought market zone. The previous peak has not been surpassed since August 28.

However, if the bullish momentum is halted at the high of $0.064, the DOT price will be compelled to move in a range between the moving average lines. Meanwhile, at the time of writing, DOGE/USD is trading at $0.062.

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

Dogecoin (DOGE) Indicator Reading
Polkadot is rising as a result of the price bars being above the moving average lines. Following the breakout, the moving average lines slant in different ways. The altcoin has a bullish crossover in the lower period as it surges ahead.

The 21-day simple moving average has crossed above the 50-day simple moving average, suggesting a bullish order indication.

What is the next direction for Dogecoin (DOGE)?
The cryptocurrency is now trading in a positive trend zone as it approaches the $0.064 barrier. Buyers must overcome the first barrier of $0.064. If buyers fail to break through the resistance level of $0.064, the cryptocurrency will move in a range.

Meanwhile, the price indicator predicts that the coin will continue to rise to the level 1.618 Fibonacci extension, or $0.064.

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