Cryptocurrency analysts of Coinidol.com report, the price of Dogecoin (DOGE) has remained unchanged above the $0.060 support level.

Dogecoin price long term forecast: ranging

Dogecoin 가격 장기 예측: 범위

Apart from the rally on October 1, there was no price change. The altcoin rose on October 1 and surpassed the moving average lines. The 50-day line SMA or resistance at $0.063 stopped the upward momentum. In the past five days, the altcoin traded below the 21-day line SMA. The price movement was minimal and insignificant above the existing support. The altcoin will experience a significant bounce if it recovers above the current support. DOGE is trading at $0.061 at the time of writing.

Dogecoin indicator display

Dogecoin 표시기 표시

DOGE price bars are below the moving average lines. Although DOGE is below the moving average lines, it does not seem likely to fall further. The altcoin is reportedly oversold. The horizontal slope of the moving average lines indicates the trend.

DOGE 가격 막대는 이동 평균선 아래에 있습니다. DOGE가 이동평균선 아래에 있지만 더 이상 하락할 가능성은 없어 보입니다. 알트코인이 과매도된 것으로 알려졌습니다. 이동 평균선의 수평 기울기는 추세를 나타냅니다.

Technical indicators

기술 지표

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's next for Dogecoin?

Dogecoin의 다음 단계는 무엇입니까?

The fluctuation range of Dogecoin will continue as long as there are doji candlesticks. Candlesticks show that traders are not interested in the direction of the market. The price has not changed. The cryptocurrency has wedged itself between the moving average lines in a shorter time frame. A sideways movement is expected in the long term.

As we reported on October 1, the cryptocurrency value has been moving above the $0.060 support since August 17, but below the 50-day line SMA. On the other hand, the price of DOGE /USD is moving between $0.060 and $0.063. 

10월 1일에 보고한 바와 같이 암호화폐 가치는 8월 17일 이후 $0.060 지지선을 넘어섰지만 50일 SMA 선 아래로 이동했습니다. 반면, DOGE/USD의 가격은 $0.060에서 $0.063 사이에서 움직이고 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.