Dogecoin’s Uptrend Ends as It Hits Resistance at $0.095

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

Dogecoin (DOGE) Price Long-term Prediction: Bullish
Dogecoin (DOGE) price is rising as it hits resistance at $0.095. Above the $0.090 support, the altcoin retraced and started consolidating again. At the time of writing, DOGE is currently trading at $0.090. Buyers are driving the altcoin to retest and pass through the resistance at $0.10. The current rise has been hampered by the resistance at $0.095. If the initial barrier of $0.095 is broken, the altcoin will increase to a high of $0.0105. In contrast, DOGE’s price will swing between $0.08 and $0.10, which is still above its most recent high. In the meantime, Dogecoin has decreased as it encounters resistance at $0.095.

Dogecoin (DOGE) Indicator Reading
Dogecoin is at level 62 on the Relative Strength Index for period 14. Within the area of the bullish trend, DOGE is gradually climbing. The price bars are above the moving average lines which guarantees that the price of the cryptocurrency will continue to rise. Over the daily Stochastic level of 40, DOGE is in a bullish momentum.


What is the next direction for Dogecoin (DOGE)?
The DOGE/USD exchange rate is rising as it hits resistance at $0.095. The uptrend has failed due to the break at the most recent high. Currently, DOGE is regaining stability above the $0.090 level. The current barrier will be broken if the price rises back over the existing support. Following that, a rise above $0.10 is likely. The cryptocurrency will drop if the bears break through the current level of support.

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