Dogecoin (DOGE) price has risen above the current support level of $0.07.
Dogecoin Präis laangfristeg Prognose: bearish
On December 30, sellers pushed the cryptocurrency to a low of $0.06, but the bulls struck. The altcoin has risen above the crucial support level, but the moving average lines are stifling the bullish momentum.
In other words, the 21-day moving average line has slowed the uptrend. On the positive side, a price rise above the existing support level has the potential to break the moving average lines. The uptrend will continue to a high of $0.10. However, if the moving average lines are not broken, Dogecoin could fall back to its previous low of $0.06.
Dogecoin Indikator Display
After the recent upward correction, Dogecoin’s relative strength index for the 14 period is now at 42. The cryptocurrency is in a downtrend and could fall further. The price bars are below the moving average lines, which indicates that the altcoin will fall. The altcoin is gaining momentum above the daily stochastic level of 40.
Technesch Indikatiounen:
Schlësselwidderstandsniveauen - $ 0.12 an $ 0.14
Schlëssel Supportniveauen - $ 0.06 an $ 0.04
Wat ass déi nächst Richtung fir Dogecoin?
DOGE/USD is still trading above the support level of $0.07. Buyers are struggling to break through the resistance of the 21-day line SMA. If the cryptocurrency does not recover above the $0.07 support level, it could fall.
Verzichterklärung. Dës Analyse a Prognose sinn déi perséinlech Meenungen vum Auteur a si keng Empfehlung fir cryptocurrency ze kafen oder ze verkafen a soll net als Entwécklung vum Coin Idol gekuckt ginn. Lieser sollen hir eege Fuerschung maachen ier se a Fongen investéieren.
Quell: https://coinidol.com/dogecoin-0-075-high/