Dogecoin (DOGE) Price Long-term Prediction: Bullish
Dogecoin’s (DOGE) price maintains its bullish trend as it crosses the $0.21 peak. On October 29, the upswing halted at $0.18. On November 6, bulls broke through the resistance at $0.18. Today, the altcoin has reached a high of $0.229 on November 10.
The cryptocurrency may increase even more as DOGE’s run continues. During the October 29 rally, a retraced candle body tested the 38.2% Fibonacci retracement line. The retracement predicts that DOGE will increase to the 2.618 Fibonacci extension, or $0.260. However, if the altcoin falls from its recent high, DOGE will decline but move sideways above the breakout level of $0.18 and below the previous high.
Technical indicators
Major Resistance Levels – $0.16 and $0.18
Major Support Levels – $0.10 and $0.08
Dogecoin (DOGE) Indicator Reading
Following the current rally, the moving average lines are trending northward, with the 21-day SMA serving as a support line.DOGE will continue to rise when the 21-day SMA crosses above the 50-day SMA, signaling a bullish trend.
What is the next direction for Dogecoin (DOGE)?
DOGE’s bullish momentum continues as it crosses the $0.21 peak. On the 4-hour chart, the bullish momentum paused near the $0.21 high on November 6. On November 9, the cryptocurrency price broke the resistance and resumed its bullish trajectory. On the upside, the altcoin is anticipated to hit a high of $0.26 if the upward trend continues. The crypto signal is favorable as the altcoin continues its bullish trend.
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