The latest price Analysis by Coinidol.com report, the price of Dogecoin (DOGE) has increased after rising above the moving average lines and the $0.64 resistance level.

Dogecoin price long-term forecast: bullish

Dogecoin 가격 장기 예측: 강세

The upward momentum reached a high of $0.075 before retreating on October 26. The altcoin retreated to a low of $0.067 before resuming its uptrend. The uptrend temporarily held at a high of $0.073. The price indication suggested that the cryptocurrency would continue to rise. A retraced candlestick tested the 61.8% Fibonacci retracement level of the October 26 upswing. The retracement suggests that DOGE will rise to the 1.618 Fibonacci extension or $0.086. The altcoin has risen to a high of $0.068 due to market activity, and further growth is expected.

상승 모멘텀은 0.075달러의 최고치에 도달한 후 10월 26일 후퇴했습니다. 알트코인은 상승 추세를 재개하기 전에 최저치인 0.067달러까지 후퇴했습니다. 상승 추세는 일시적으로 $0.073의 최고치를 유지했습니다. 가격 표시는 암호화폐가 계속 상승할 것임을 시사했습니다. 되돌린 캔들스틱은 10월 26일 상승세의 61.8% 피보나치 되돌림 수준을 테스트했습니다. 되돌림은 DOGE가 1.618 피보나치 확장 또는 $0.086까지 상승할 것임을 시사합니다. 알트코인은 시장 활동으로 인해 최고치인 0.068달러까지 올랐고, 앞으로 더 성장이 예상된다.

Dogecoin indicator reading

The price bars have broken through the moving average lines and have reached higher highs and higher lows. In addition, the moving average lines have formed a bullish crossover, with the 21-day SMA above the 50-day SMA, indicating that the cryptocurrency will continue to rise. The DOGE price is capped between the moving average lines in the lower time frame, causing the altcoin to fluctuate.

가격 막대가 이동 평균선을 돌파하고 최고점과 최저점에 도달했습니다. 또한 이동평균선은 21일 SMA가 50일 SMA보다 높은 강세 교차를 형성하여 암호화폐가 계속해서 상승할 것임을 나타냅니다. DOGE 가격은 낮은 시간대의 이동 평균선 사이에 제한되어 알트코인이 변동하게 됩니다.

Technical indicators

Key resistance levels – $0.12 and $0.14

Key support levels – $0.06 and $0.04

주요 지원 수준 – $0.06 및 $0.04

What is the next direction for Dogecoin?

Dogecoin의 다음 방향은 무엇입니까?

The DOGE/USD exchange rate is rising, but was pushed off at the high of $0.074. The cryptocurrency has returned to the area between the moving average lines. If the bulls break the 21-day SMA, the altcoin will regain its bullish momentum. On the downside, the cryptocurrency will crash if the bears break below the 50-day simple moving average.

As we reported on October 23, the upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. 

10월 23일에 보고한 바와 같이 상승 모멘텀은 이동평균선을 돌파했지만 50일선 단순이동평균선에서 정체되었습니다. DOGE는 현재 21일 SMA 위에서 거래되고 있지만, 50일 SMA 아래에서는 거래되고 있습니다.

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.