Price: $0.39303 2.0648%
Market Cap: 57.73B 1.7539%
Volume (24h): 8.58B 0.4%
Dominance: 1.7539%
Price: $0.39303 2.0648%
Market Cap: 57.73B 1.7539%
Volume (24h): 8.58B 0.4%
Dominance: 1.7539% 1.7539%
  • Price: $0.39303 2.0648%
  • Market Cap: 57.73B 1.7539%
  • Volume (24h): 8.58B 0.4%
  • Dominance: 1.7539% 1.7539%
  • Price: $0.39303 2.0648%
Home > Information news > Dogecoin Reaches The $0.1063 Level And Gets Closer To Its Target

Dogecoin Reaches The $0.1063 Level And Gets Closer To Its Target

Release: 2023/12/11 18:07 Reading: 331

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/6576cd36acc5a52817732bfd

Dec 11, 2023 at 05:31 // Price
Author
Coin Idol

The DOGE/USD pair is likely to reach highs of $0.11 and $0.13 given the current uptrend.

Beyond that, the overbought condition will hinder the continuation of the uptrend. More details in this cryptocurrency Analysis by Coinidol.com.

Long-term Dogecoin price forecast: bullish

The price of Dogecoin (DOGE) has been rising despite two retracements below and above the 21-day SMA. The uptrend was broken on December 6 after reaching a high of $0.1063. DOGE has pulled back above the 21-day simple moving average and resumed its uptrend.

Yesterday, the altcoin reached a high of $0.1028 as it approaches the $0.1063 barrier. If the current resistance level is broken, the uptrend will resume.

Dogecoin indicator display

The price bars are cautiously above the 21-day SMA as DOGE rises.

The price bar reached the resistance level on December 6, but slipped above the 21-day SMA support. The uptrend will continue as long as the 21-day SMA support holds.

Technical indicators

Key resistance levels – $0.12 and $0.14

Key support levels – $0.06 and $0.04

DOGEUSD_ (4-Hour Chart) –Dec.09.jpg

What's next for Dogecoin?

DOGE's rise continues but has stalled below resistance at $0.1050. The current resistance level is expected to be broken by the upswing. Buyers have been back above the 21-day SMA for the past three days while targeting the barrier at $0.1050 again. According to the price indications, DOGE will continue its uptrend.

DOGEUSD_ (Daily Chart) –Dec.09.jpg

Disclaimer. This Analysis and forecast are the personal opinions of the author and 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.

Source: https://thebittimes.com/dogecoin-reaches-the-0-1063-level-and-gets-closer-to-its-target-tbt73268.html

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