The price of Dogecoin (DOGE) fell to a mandatory minimum before rising again. The cryptocurrency tested the 1.618 Fibonacci extension to reach the low of $0.073.

狗狗幣（DOGE）的價格跌至強制最低價，然後再次上漲。該加密貨幣測試了 1.618 斐波那契擴展位，觸及 0.073 美元的低點。

Long-term forecast for the Dogecoin price: bearish

狗狗幣價格的長期預測：看跌

DOGE recovered but remained stuck at the resistance level of $0.085. The upside correction could extend to the high of $0.095 or higher if the initial resistance had been broken. The coin is currently losing value as it was rejected at its previous high. DOGE is currently trading at $0.081. If the bearish momentum continues, the market will drop to a low of $0.070.

DOGE 有所回升，但仍停留在 0.085 美元的阻力位。如果最初的阻力位被突破，則上行修正可能會延伸至 0.095 美元的高點或更高。該代幣目前正在貶值，因為它在之前的高點被拒絕。 DOGE 目前的交易價格為 0.081 美元。如果看跌勢頭持續，市場將跌至 0.070 美元的低點。

Dogecoin indicator reading

狗狗幣指標讀數

DOGE will continue to fall as long as the price bars are below the moving average lines. The altcoin is about to fall to $0.070. The downward sloping moving average lines indicate the downtrend. Doji candlesticks, which limit the price movement, dominate the price action in cryptocurrencies.

只要價格條低於移動平均線，DOGE 就會持續下跌。山寨幣即將跌至 0.070 美元。向下傾斜的移動平均線表示下降趨勢。限制價格變動的十字燭台主導著加密貨幣的價格走勢。

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's next for Dogecoin?

狗狗幣的下一步是什麼？

After its last decline on January 3, Dogecoin is still bearish. The cryptocurrency has stabilized above the support level of $0.082 since January 3. Today, as the cryptocurrency resumes selling pressure, the bears have undercut the existing support. DODE is expected to hit a low of $0.070 if the negative momentum continues.

在 1 月 3 日最後一次下跌之後，狗狗幣仍然看跌。自 1 月 3 日以來，加密貨幣一直穩定在 0.082 美元的支撐位上方。今天，隨著加密貨幣恢復拋售壓力，空頭已經削弱了現有支撐位。如果負面勢頭持續下去，DODE 預計將觸及 0.070 美元的低點。

According to the previous report by Coinidol.com, DOGE could fall to the Fibonacci extension of $1.618 or the low of $0.075. 

根據 Coinidol.com 先前的報告，DOGE 可能會跌至斐波那契延伸線 1.618 美元或低點 0.075 美元。

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 the 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。讀者應該在投資基金之前進行研究。