Dogecoin’s (DOGE) uptrend has stalled after the altcoin was repelled twice at the $0.21 barrier.
Dogecoin price long-term prediction: bullish
It was predicted that the altcoin would reach a high of $0.26 if it could overcome the $0.21 barrier. Today, DOGE is trending near the moving average lines.
On the downside, if buyers can hold the 50-day SMA support, DOGE will retrace and stay above the moving average lines. The altcoin will rise and retest the $0.21 threshold.
However, if the bears drop below the moving average lines, DOGE will fall back to the previous low of $0.14. In the meantime, DOGE has resumed its uptrend above the $0.19 support.
DOGE price indicators analysis
DOGE price remains above the moving average lines and has pulled back above the 50-day SMA support. DOGE will rise if the price pulls back and stays above the moving average lines.
On the 4-hour chart, DOGE has fallen between the moving averages. This means that the altcoin needs to stay within a certain range for a few days.
Technical indicators
Key Resistance Levels $0.45 and $0.50
Key Support Levels – $0.30 and $0.25
What is the next move for DOGE?
DOGE remains above the $0.19 support after a minor retracement. On the 4-hour chart above, DOGE has retraced and found support above the 50-day SMA. The price is rising to break the 21-day SMA barrier. A break above the 21-day SMA will signal the resumption of the uptrend. DOGE will rise and break through the $0.21 barrier. The altcoin will appreciate to $0.26 if buyers overcome the current resistance level.
Disclaimer. This analysis and forecast are the personal opinions of the author. They 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.