Dogecoin (DOGE) price has risen above the $0.07 support level and above the moving average lines.
Dugoročna prognoza cijene Dogecoina: bikovska
Dogecoin price has been capped below the moving average lines since the December 19 price drop. Moreover, the cryptocurrency price had been consolidating above the $0.07 support level before the price spike. On the positive side, the price of DOGE is rising and will soon reach the previous high of $0.11. If the resistance at $0.11 is broken, the price could rise to $0.16. Nevertheless, the altcoin has reached the overbought zone of the market. The current uptrend could weaken. If Dogecoin fails to break through the $0.11 high, it will be forced to trade in a range. The altcoin will return to the market between $0.07 and $0.11.
Prikaz indikatora Dogecoin
At a level of 65 on the Relative Strength Index for period 14, Dogecoin is in an uptrend. DOGE is rising and could continue to do so. The fact that the price bars are higher than the moving average lines suggests that the altcoin could be rising. Dogecoin is experiencing bearish momentum below the daily stochastic threshold of 80. As the altcoin approaches the overbought area of the market, it is falling.
Tehnički pokazatelji
Ključni nivoi otpora - 0.12 USD i 0.14 USD
Ključni nivoi podrške - 0.06 USD i 0.04 USD
Koji je sljedeći smjer za Dogecoin?
Dogecoin reaches a high of $0.092 while still trending up. The altcoin is falling because the price indicator points to an overbought situation for the asset. If the altcoin bounces back above the moving average lines, the upward momentum will increase again. If the price falls below the moving average lines, the decline will resume.
Odricanje od odgovornosti. Ova analiza i prognoza su lično mišljenje autora i nisu preporuka za kupovinu ili prodaju kriptovalute i ne treba ih posmatrati kao podršku Coin Idola. Čitaoci bi trebali sami istražiti prije ulaganja u fondove.
Source: https://coinidol.com/dogecoin-bounces-0-08-support/