The price of Dogecoin (DOGE) is under threat as it has failed twice at the $0.1063 resistance level. Price Analysis by Coinidol.com.

Dogecoin price long-term forecast: bullish

Dogecoin 가격 장기 예측: 강세

The altcoin has also fallen above the moving average lines twice. The uptrend continues to be held back by the high of $0.098. DOGE is trading at the $0.094 support at the time of writing. The cryptocurrency is steadily approaching the critical support level. Should the price fall below the $0.090 support or the 21-day simple moving average, selling pressure on DOGE will increase again. The initial decline will be above the 50-day simple moving average (SMA) or the low at $0.080.

Dogecoin indicator reading

Dogecoin 지표 읽기

DOGE's price bounces twice above the 21-day SMA support as the bears retest the moving average lines. The recent downturn has forced the altcoin's price bars to fall below the moving average lines on the 4-hour chart. DOGE is in an uptrend as long as the price bars are above the descending moving average lines.

Technical indicators

Key resistance levels – $0.12 and $0.14

주요 저항 수준 - $0.12 및 $0.14

Key support levels – $0.06 and $0.04

What is the next direction for Dogecoin?

DOGE is trading between $0.090 and $0.1050 on the 4-hour chart. The rally has come to an end at the recent high. Buyers were not able to sustain the positive momentum above the recent high. The recent high is a historical price level from April 3rd.

DOGE는 4시간 차트에서 $0.090에서 $0.1050 사이에 거래되고 있습니다. 최근 최고치로 랠리가 끝났습니다. 매수자들은 최근 고점 이상의 긍정적인 모멘텀을 유지하지 못했습니다. 최근 최고점은 4월 3일의 역사적 가격 수준이다.

As reported by Coinidol.com last week, 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. 

지난 주 Coinidol.com이 보고한 바와 같이, 상승 추세는 $0.1063의 최고치를 기록한 후 12월 6일에 깨졌습니다. DOGE는 21일 단순이평선 위로 후퇴하고 상승세를 재개했습니다.

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.