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Cryptocurrency price analysis brought by Coinidol.com. The price of Dogecoin ($DOGE) has remained stable above the support level of $0.35.
Dogecoin price long term forecast: in the range
The price of the cryptocurrency remains below the moving average lines, although it is in the middle of the price range of $0.30 to $0.40. The price of the altcoin remains stationary above the current support level as it consolidates. If the buyers keep the price above the moving average lines, $DOGE will reach the next resistance at $0.40. Later, it will reach a high of $0.48.
On the other hand, if the buyers are pushed back from the moving average lines, $DOGE will fall to a low of $0.30. $DOGE is now worth $0.354.
Dogecoin indicator display
On the 4-hour chart, $DOGE is trading sideways above the $0.34 support but below the moving average lines. The 21-day moving average lines have hindered upward movements. If $DOGE loses the current support, it will fall to its previous low above $0.30. Similarly, the price will rise once it crosses above the 21-day moving average line.
Technical indicators
Key resistance levels $0.45 and $0.50
Key support levels – $0.30 and $0.25
What's next for Dogecoin?
On the 4-hour chart, $DOGE is moving sideways, above the $0.34 support but below the moving average lines. Rising moves are hindered by the 21-day moving averages. If $DOGE loses its support, it will fall to its previous low above $0.30. Conversely, it will rise if it breaks above the 21-day moving average line.
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.