Cryptocurrency price Analysis brought by Coinidol.com. Dogecoin (DOGE) price is falling below the moving average lines.

Coinidol.com 带来的加密货币价格分析。狗狗币（DOGE）价格跌破移动平均线。

Dogecoin price long term forecast: bearish

狗狗币价格长期预测：看跌

The cryptocurrency asset lost value last week as the bears broke the price range of $0.060 to $0.064. The moving average lines have slowed down the upward movement, which extended to the $0.056 support. At the time of writing, Dogecoin is worth $0.058. The price has not changed above the current support. The price has been circling above the $0.056 support since October 9. The altcoin will continue to fall if the current support level is lost until it reaches the $0.055 support. DOGE will see an uptrend if the price rises above the moving average line and the barrier at $0.064.

上周，由于空头突破了 0.060 美元至 0.064 美元的价格区间，加密货币资产价值下跌。移动平均线减缓了上行趋势，并延伸至 0.056 美元的支撑位。截至撰写本文时，狗狗币价值 0.058 美元。价格没有变化到当前支撑位之上。自 10 月 9 日以来，价格一直在 0.056 美元支撑位上方徘徊。如果失去当前支撑位，山寨币将继续下跌，直到达到 0.055 美元支撑位。如果价格升至移动平均线和 0.064 美元的障碍上方，DOGE 将出现上升趋势。

Dogecoin indicator display

狗狗币指标显示

The price bars for the cryptocurrency are below the moving average lines, leading to a decline below $0.060. The altcoin tends to fall as long as the price bars are below the moving average lines. The scenario is the opposite when the price bars are above the moving average lines.

加密货币的价格条低于移动平均线，导致跌破 0.060 美元。只要价格条低于移动平均线，山寨币就会下跌。当价格柱位于移动平均线之上时，情况正好相反。

Technical indicators

技术指标

Key resistance levels – $0.12 and $0.14

关键阻力位 – 0.12 美元和 0.14 美元

Key support levels – $0.06 and $0.04

关键支撑位 – 0.06 美元和 0.04 美元

What is the next direction for Dogecoin?

狗狗币下一步的发展方向是什么？

The downtrend has already reached a level above the $0.057 support. The price indicator predicts that DOGE will fall to the 1.618 level of the Fibonacci extension or the $0.057 level. In the shorter term, the price has crossed the 21-day line SMA, but resistance at $0.059 remains.

下降趋势已达到 0.057 美元支撑位之上。价格指标预测 DOGE 将跌至斐波那契延伸线的 1.618 水平或 0.057 美元水平。短期来看，价格已突破 21 日均线，但 0.059 美元的阻力依然存在。

Last week Coinidol.com reported that apart from the rally on October 1, there was no price change. The altcoin rose on October 1 and surpassed the moving average lines. 

上周Coinidol.com报道称，除了10月1日的上涨外，价格没有变化。该山寨币于 10 月 1 日上涨并突破了移动平均线。

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.

免责声明。此分析和预测是作者的个人观点，并非购买或出售加密货币的建议，也不应被视为 CoinIdol.com 的认可。读者在投资基金之前应该做好研究。