Dogecoin Swings as It Stabilizes above $0.076

Dogecoin (DOGE) Price Long-term Prediction: Ranging
The Dogecoin (DOGE) price has fallen below the moving average lines but stabilized above $0.076. On the January 3 price drop, the altcoin fell to a low of $0.073 as bulls bought dips. DOGE has been trading below the moving average lines but above the $0.076 support level for the past three weeks.

Bears are finding it difficult to move the altcoin below $0.073 and $0.070 on the downside. Strong purchasing interest is indicated at lower price levels by long candlestick tails pointing to the previous low. On the upside, a price rebound above the $0.076 support will cause the altcoin to rise above the moving average lines.

DOGE/USD will achieve its prior highs of $0.090 and $0.095.

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 average lines, however upward movements are limited by the moving average lines. On the 4-hour chart, the price bars are caught between the moving average lines. This suggests that the altcoin will be forced to make range-bound moves while being trapped.

What is the next direction for Dogecoin (DOGE)?
DOGE/USD is making a range-bound advance but stabilizes above $0.076. The range of the crypto signals is due to the restriction of price movement by Doji candlesticks. However, if the current support is broken, selling pressure will return.

The market will test the prior low of $0.070. On the other hand, DOGE will resume a positive trend if buyers sustain the price above the moving average lines.

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