The price of Dogecoin (DOGE) remained stable higher than the support of $ 0.24 from the moment of rebound on February 3.
Long -term forecast of the price of dogkoin: bear
Altcoin is traded above support in the amount of $ 0.24, but below the middle line over the past two weeks. The negative trend stopped above support in the amount of 0.24 US dollars.
However, if Doge loses current support at 0.24 US dollars, it will fall to the previous minimum of $ 0.20. The advressed trend will begin when the price breaks above the 21-day SMA. The price will resume its ascending trend as soon as it crosses the 50-day SMA. The bull impulse will continue up to the 50-day barrier SMA.
Dogecoin will return to his maximum of $ 0.43. According to Coinidol.com, at the time of writing, DOGE is traded at 0.2439 US dollars.
Reading Dogecoin indicator
The decline stopped above support in the amount of 0.24 dollars, but the price rods are still lower than the sliding medium lines. The horizontal lines of the sliding medium show that DOGE is in the trend. Dodzhi candlesticks that determine the price action guarantee that Altcoin is in the trading range.
Technical indicators
Key resistance levels $ 0.45 and 0.50 US dollars
Key support levels – $ 0.30 and $ 0.25
What direction for Dogecoin?
DOGE is traded above support at 0.24 dollars, but lower than a resistance of $ 0.28. Altcoin ranges below and above the lines of the sliding medium.
Today, the price rods are below the lines of the sliding medium. Vpress trend finds a 21-day SMA barrier.
Meanwhile, Altcoin continued its consolidation below the lines of the sliding medium.
Refusal of responsibility. This analysis and forecast are the personal opinion of the author. They are not a recommendation to buy or sell cryptocurrency and should not be considered as approval by a monetary idol. Readers must conduct a study before investing in the funds.
