The price of Dogecoin (DOGE) has fallen below the moving average lines but above the $0.078 support.

狗狗幣 (DOGE) 的價格已跌破移動平均線，但高於 0.078 美元的支撐。

Long-term outlook for the Dogecoin price: bearish

狗狗幣價格的長期前景：看跌

Since January 3, selling pressure has stalled above the $0.078 support. The bears have failed to sustain the bearish momentum until the recent low above the $0.070 support.

自 1 月 3 日以來，拋售壓力一直停滯在 0.078 美元的支撐位之上。空頭未能維持看跌勢頭，直到近期低點突破 0.070 美元支撐位。

On the upside, the altcoin is capable of a price rise above the current support. DOGE price will rise above the 21-day SMA if the altcoin rebounds. The bullish momentum will extend above the 50-day SMA or the $0.084 support. In the meantime, the altcoin is fluctuating between $0.076 and $0.082.

從好的方面來說，山寨幣的價格有能力上漲至目前支撐位之上。如果山寨幣反彈，DOGE 價格將升至 21 日移動平均線上方。看漲勢頭將延續至 50 日均線或 0.084 美元支撐位之上。同時，山寨幣在 0.076 美元至 0.082 美元之間波動。

Dogecoin indicator reading

狗狗幣指標讀數

The horizontal moving average lines run diagonally across the price bars. The price bars are doji candlesticks consolidating above the current support at $0.078. The price action contains a series of small, indecisive candlesticks called doji.

水平移動平均線對角線穿過價格條。價格柱是在目前支撐位 0.078 美元上方盤整的十字星燭台。價格走勢包含一系列小型的、猶豫不決的燭台，稱為十字星。

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？

DOGE has been in a range between $0.078 and $0.082 since Jan. 3. In the last month, DOGE has yet to show any trend as it remains trapped between the moving average lines. The price movement is stagnant above the current support due to the existence of doji lights.

自 1 月 3 日以來，DOGE 一直處於 0.078 美元至 0.082 美元的區間內。上個月，DOGE 尚未顯示任何趨勢，因為它仍被困在移動平均線之間。由於十字線的存在，價格走勢停滯在目前支撐位上方。

Coinidol.com reported on January 29 that DOGE was trading between $0.076 and $0.086. The decline has eased as the altcoin consolidated above the support level of $0.076. 

Coinidol.com 於 1 月 29 日報道，DOGE 的交易價格在 0.076 美元至 0.086 美元之間。隨著山寨幣在 0.076 美元的支撐位上方盤整，跌勢有所緩解。

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。