DOGE’s Price Remains Stable as It Stabilizes Above $0.090
Login

DOGE’s Price Remains Stable as It Stabilizes Above $0.090

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: Bearish

The price of Dogecoin (DOGE) has ended its decline above the $0.080 low as it stabilizes above $0.090. Buyers are taking advantage as the drop has paused above the $0.090 support. The cryptocurrency asset is range-bound above the $0.090 support and below the moving average lines or the resistance at $0.11.

In recent market action, the bulls failed to break through the resistance at $0.11, resulting in the continuation of the sideways trend. On the downside, additional declines in the cryptocurrency are unlikely as the market approaches the oversold region.

On the upside, DOGE will recover if it breaks above the moving average lines and the barrier at $0.11. DOGE will return to the prior high of $0.14.

DOGE’s Price Remains Stable as It Stabilizes Above <img fetchpriority=.090" width="991" height="472" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/DOGEUSD_-Weekly-chart-Sept.06.png"/>
DOGE/USD – Weekly Chart

Technical indicators

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

Dogecoin (DOGE) Indicator Reading 

The downward-sloping moving average lines are horizontal, indicating a sideways trend. The price bars are settling below the moving average lines. Furthermore, the price movement has remained consistent as Doji candlesticks appear.

What is the next direction for Dogecoin (DOGE)?

The DOGE price trades above the $0.090 support and below the moving average lines as it stabilizes above $0.090. The cryptocurrency’s price is consolidating above its current support of $0.090. The altcoin’s price has not moved much; it has remained above the current support. The price of DOGE will drop to its previous low of $0.080 if it breaks below the present support level.

Meanwhile, the crypto’s signal is positive as it reaches the oversold region.

DOGE’s Price Remains Stable as It Stabilizes Above <img decoding=.090" width="991" height="472" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/DOGEUSD_-Daily-chart-Sept.06.png"/>
DOGE/USD – Daily Chart

Make money without lifting your fingers: Start using a world-class auto trading solution.
 
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
  • 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