Dogecoin has fallen below the moving-average lines after hitting resistance at $0.105.

Price prediction for DOGE over the long term:

CryptoGuestPosts previously reported that since February 5, DOGE has traded in a range, above the $0.085 resistance but below the moving-average lines and the $0.05 support.

On March 16, the bullish momentum drove the price above moving average lines. However, it was stopped at a high $0.104. DOGE reached a new low today of $0.093. If the cryptocurrency trades within this range, and retraces above the $0.090 resistance level, then it will remain in the same range. DOGE, meanwhile, has returned to the range of its bearish trend zone.

Technical indicators

DOGE price indicators reading

After a recent drop, the cryptocurrency has dropped below the moving-average lines. Doji candlesticks are dominant on the chart and cause altcoins trade in a range. On four-hour charts the price bars are located below the horizontal moving mean lines. Long candlesticks tails show significant demand for recent lows.

What is the future of Dogecoin cryptocurrency?

The price of DOGE has dropped to a new low, $0.092. The cryptocurrency is currently bouncing between the $0.092 resistance and the $0.105 support on the four-hour chart. DOGE's price will drop if the current support is breached. The price will be below $0.085. If the current support level holds, DOGE's upward trend will continue.

Disclaimer. Disclaimer: This is a personal opinion of the author. The author collected the data and it is not sponsored by a company or token developer. This is not an endorsement of CryptoGuestPosts and does not constitute a recommendation for the purchase or sale of cryptocurrency. Before investing in funds, readers should conduct their own research.