DOGE’s Increasing Trend Stops at a High of $0.19

Dogecoin (DOGE) Price Long-term Prediction: Bullish

Dogecoin (DOGE) has recovered from its decline to a high of $0.19. The bullish momentum peaked at $0.193 after breaking above the moving average lines. The increasing trend ends at a high of $0.19. DOGE drifts sideways above the moving average lines but below the resistance at $0.19. DOGE will rise if buyers sustain their bullish momentum above the 50-day SMA support.

The market will top at $0.28 if the current barrier is broken. However, DOGE will return to the previous range if it drops below the moving average lines. The altcoin will fall beyond the $0.14 support level. As of right now, trading remains above the moving average lines.

Technical indicators

Major Resistance Levels $0.45 and $0.50
Major Support Levels – $0.30 and $0.25

Dogecoin (DOGE) Indicator Reading 

DOGE trades in the positive trend zone since the price bars are above the moving average lines. The price bars, however, are situated between the moving average lines, suggesting that the cryptocurrency may move in a range-bound manner. On the 4-hour chart, the negative trend has stopped above the 50-day SMA. The presence of the Doji candlesticks has caused the cryptocurrency to stagnate.

What is the next direction for Dogecoin (DOGE)?

DOGE is in the positive trend zone at a high of $0.19. It is currently trading below the resistance at $0.19 and above the $0.17 support. The price cannot be raised above the $0.19 and $0.20 restrictions by buyers. The altcoin is now trading above the $0.17 support. If the current support holds, the upward trend will resume.

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