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.

Coinidol.com 的最新價格分析報告顯示，狗狗幣 (DOGE) 的價格在突破移動平均線和 0.64 美元阻力位後有所上漲。

Dogecoin price long-term forecast: bullish

狗狗幣價格長期預測：看漲

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.

上漲勢頭達到 0.075 美元的高點，然後在 10 月 26 日回落。山寨幣回落至 0.067 美元的低點，然後恢復上升趨勢。上升趨勢暫時維持在0.073美元的高點。價格跡象表明加密貨幣將繼續上漲。回撤燭台測試了 10 月 26 日上漲的 61.8% 斐波那契回檔位。回調表明 DOGE 將升至 1.618 斐波那契擴展位或 0.086 美元。由於市場活動，山寨幣已升至 0.068 美元的高位，預計還會進一步增長。

Dogecoin indicator reading

狗狗幣指標讀數

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.

價格柱已突破移動平均線並達到更高的高點和更高的低點。此外，均線已形成看漲交叉，21日均線高於50日均線，顯示加密貨幣將持續上漲。 DOGE 價格在較低時間範圍內受制於移動平均線之間，導致山寨幣波動。

Technical indicators

技術指標

Key resistance levels – $0.12 and $0.14

關鍵阻力位 – 0.12 美元和 0.14 美元

Key support levels – $0.06 and $0.04

關鍵支撐位 – 0.06 美元和 0.04 美元

What is the next direction for Dogecoin?

狗狗幣下一步的發展方向是什麼？

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.

DOGE/USD 匯率正在上漲，但在 0.074 美元的高點被推低。加密貨幣已回到移動平均線之間的區域。如果多頭突破 21 日移動平均線，山寨幣將恢復看漲勢頭。不利的一面是，如果空頭跌破 50 天簡單移動平均線，加密貨幣將會崩盤。

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. 

正如我們 10 月 23 日報道的那樣，上升勢頭已突破移動平均線，但在 50 日線簡單移動平均線處停滯。 DOGE目前交投於21日線SMA之上，但低於50日線SMA。

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.

免責聲明。此分析和預測是作者的個人觀點，並非購買或出售加密貨幣的建議，也不應被視為 CoinIdol.com 的認可。讀者在投資基金之前應該先做好研究。