Dogecoin's Surge Is Stuck At $0.080 As It Returns To Its Range
Login

Dogecoin’s Surge Is Stuck At $0.080 As It Returns To Its Range

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Dogecoin (DOGE) Price Long-term Prediction: Bullish
Dogecoin (DOGE) is above the 21-day SMA but is stuck at $0.080. The market reached a high of $0.087 during the last rise but was rebuffed. Today, Dogecoin is resuming its upward trajectory, reaching a high of $0.078.

Buyers’ goal is to recapture the $0.080 price level and continue rising to its target price of $0.10. The uptrend advance, however, is anticipated to encounter resistance at $0.080 and $0.082. The current upward trend has come to an end at a high of $0.080.

If the bullish scenario is disproved, DOGE/USD will remain range-bound. The market will oscillate between $0.070 and $0.080.

Dogecoin's Surge Is Stuck At $0.080 As It Returns To Its Range
DOGE/USD – Daily Chart

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

Dogecoin (DOGE) Indicator Reading
The price of DOGE was first trapped between the moving average lines before rising. The price bars are currently above the moving average lines, but they are being challenged by resistance at $0.080.

If DOGE is rejected at $0.080, it will return to its current price range. The moving average lines continue to slant upward, indicating an uptrend.

What is the next direction for Dogecoin (DOGE)?
Following the latest rally, Dogecoin has returned to the positive trend zone but is stuck at $0.080. The upward trend is being met with resistance at the high of $0.080. The coin is currently trading between $0.070 and $0.080.

The current rise has reached a resistance level of $0.080 and may decline.

Dogecoin's Surge Is Stuck At $0.080 As It Returns To Its Range
DOGE/USD – 4 Hour Chart

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News