Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15
DOGE/USD Long-term Trend: Bearish
Dogecoin’s (DOGE) price is in a downward correction as it battles the $0.078 high. Since June 26, DOGE/USD has been trading between the moving average lines. It is above the 21-day line SMA but below the 50-day line SMA. On the upside, if the bulls break above the 50-day line SMA, DOGE will rally to $0.10 or $0.12 high. On the downside, the DOGE will fall and revisit the previous low of $0.05 if the 21-day line SMA is breached. In the meantime, DOGE/USD is trading at $0.06 and it is confined between the moving average lines.
Daily Chart Indicators Reading:
Dogecoin is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand. DOGE price bars are above the 21-day line SMA but below the 50-day line SMA indicating a range-bound move. The 21-day line SMA and the 50-day line SMA are sloping southward indicating the downtrend.
DOGE/USD Medium-term bias: Ranging
On the 4– hour chart, the DOGE price is in a range-bound move. The altcoin is fluctuating between levels of $0.0650 and $0.0750. The price action is characterized by small body indecisive candlesticks called Doji. The candlesticks are indicating that buyers and sellers are undecided about the direction of the market.
4-hour Chart Indicators Reading
The altcoin is above the 25% range of the daily stochastic. It is in a bullish momentum. The 21-day line and 50-day line moving averages are sloping horizontally indicating the sideways trend.
General Outlook for Dogecoin
Dogecoin is in a downward correction as it battles the $0.078 high. The coin will trend when the moving average lines are breached.
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 results
- 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.
