Dogecoin rebounds boppe $ 0.11-stipe, poises om $ 0.12 heech werom te winnen

Azeez Mustapha

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Key Resistance Levels: $ 0.45, $ 0.46, $ 0.47
Key Support Levels: $ 0.25, $ 0.20, $ 0.15

DOGE / USD Trend op lange termyn: Bearish
Dogecoin (DOGE) priis is in a downward correction as it poises to reclaim $0.12 high. Today, the altcoin is making an upward move to retest or break above the moving averages. Since February 28 rally and rejection, the cryptocurrency has been in a downward move as it broke below the crucial support at $0.12. Today, if the altcoin turns from the moving averages, it will further decline to the low of $0.10. Meanwhile, the crypto has continued its upward move.

Dogecoin rebounds boppe $ 0.11-stipe, poises om $ 0.12 heech werom te winnen
DOGE / USD - Deistige grafyk

Yndyske oantsjuttings foar lêzen fan kaart:
The recent upward move has pushed the altcoin to level 42 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. DOGE price is below the moving averages which makes it prone to fall. The 21-day line and 50-day line moving averages are pointing southward.

DOGE / USD Foaroardielen op middellange termyn: Bullish
On the 3 – hour chart, the DOGE price has broken above the moving averages as the altcoin resumes upward. The upward move has reached the overbought region. Meanwhile, on March 16 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.618 Fibonacci extension or $0.1239.

Dogecoin rebounds boppe $ 0.11-stipe, poises om $ 0.12 heech werom te winnen
DOGEUSD3 Oeren Chart.png

3-oere grafyske yndikatoaren lêze
The altcoin is above the 70% range of the daily stochastic. It indicates that the market is in a bullish momentum. However, the market is approaching the overbought region.

Algemien Outlook foar Dogecoin
Dogecoin has resumed its upward move as it poises to reclaim $0.12 high. The altcoin will reclaim the $0.12 price level if the bulls break above the moving averages. Also, the bullish momentum is sustained above the moving averages.

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Azeez Mustapha

Azeez Mustapha is in hannelsprofessor, faluta -analyst, sinjalenstrategist, en fûnsbehearder mei mear dan tsien jier ûnderfining op finansjeel mêd. As blogger en auteur foar finânsjes helpt hy ynvestearders komplekse finansjele konsepten te begripen, har ynvestearingsfeardigens te ferbetterjen en te learen hoe't se har jild kinne behearje.

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