The price of Dogecoin (DOGE) has fallen below the moving average lines.

狗狗幣（DOGE）的價格已跌破移動平均線。

Long-term outlook for the Dogecoin price: bearish

狗狗幣價格的長期前景：看跌

The negative momentum has weakened since the price broke down above the $0.073 support level on January 3. The DOGE price's attempt to recover upwards was halted by the resistance at $0.087 and the moving average lines. 

自 1 月 3 日價格跌破 0.073 美元支撐位以來，負面動能已經減弱。DOGE 價格向上復甦的嘗試因 0.087 美元阻力位和移動平均線而停止。

Today, DOGE is trading at $0.079. The cryptocurrency is bearish after its rejection on January 11. If the bearish momentum continues beyond the current support, Dogecoin will fall and reach its previous low of $0.070.

今天，DOGE 的交易價格為 0.079 美元。該加密貨幣在 1 月 11 日遭到拒絕後呈現看跌趨勢。如果看跌勢頭繼續超過當前支撐位，狗狗幣將下跌並觸及先前的低點 0.070 美元。

However, if buyers keep the price above the moving average lines, the altcoin will resume its positive trend. Consequently, DOGE is bearish.

然而，如果買家將價格保持在移動平均線之上，山寨幣將恢復其正面趨勢。因此，DOGE 是看跌的。

Dogecoin indicator reading

狗狗幣指標讀數

DOGE/USD's price bars are below the moving average lines, making it vulnerable to a decline. The price action of cryptocurrencies is primarily characterized by extended candlestick tails, which indicate robust buying at lower prices. The 21-day SMA has crossed below the 50-day SMA, indicating a bearish crossover for DOGE at this time. This shows where sell orders are being placed.

DOGE/USD 的價格柱位於移動平均線下方，使其容易下跌。加密貨幣的價格走勢主要特徵是延長的燭台尾部，這表明較低價格下的強勁買盤。 21 日移動平均線已下穿 50 日移動平均線，顯示此時 DOGE 處於看跌交叉。這顯示了賣出訂單的下達位置。

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/USD is expected to fall further to the low of $0.070. This is because the resistance at $0.087 and the moving average lines are rejecting each other. The price of the altcoin has been oscillating between $0.076 and $0.088. The decline will continue once the current support level at $0.076 is breached.

DOGE/USD 預計將進一步跌至 0.070 美元低點。這是因為 0.087 美元的阻力位和移動平均線相互排斥。山寨幣的價格一直在 0.076 美元至 0.088 美元之間波動。一旦突破目前 0.076 美元的支撐位，跌勢將繼續。

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。