The Dogecoin price (DOGE) was maintained above $ 0.24 support from the rebound on February 3.
Dogecoin price price in long -term forecasts: lower
The Altcoin was negotiated above the support of $ 0.24 but below the mobile medium lines for two weeks. The negative trend stopped above the support of $ 0.24 downwards.
However, if DOGE Lose the current support at $ 0.24, it will fall at the previous level of $ 0.20. The upward trend will start when the price will allow 21 -day SMA. The price will resume its upward trend once it crosses the 50 -day SMA. The bullish momentum will continue towards the 50 -day SMA barrier.
Dogecoin will return to its summit of $ 0.43. At the time of writing DOGE is traded at $ 0.2439According to Coinidol.com.
Dogecoin indicator reading
The decline stopped above the support of $ 0.24, but the price bars are always below the medium mobile lines. Mobile horizontal medium lines indicate that Doge is trendy laterally. The Doji candlesticks, which determine the action of the prices, guarantee that Altcoin is in a trading range.
Technical indicators
Key resistance levels 0.45 $ and $ 0.50
Key support levels – $ 0.30 and $ 0.25
What is the next direction for Dogecoin?
DOGE is negotiated above the support at $ 0.24 but below the resistance at $ 0.28. Altcoin fluctuates below and above the medium mobile lines.
Today, price bars are lower than mobile average lines. The upward trend is hampered by the 21 -day SMA barrier.
Meanwhile, the Altcoin continued its consolidation below mobile medium lines.
Non-liability clause. This analysis and this forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrencies and should not be considered as an IDOL corner approval. Readers should do their research before investing in funds.