As it continues to correct higher, the price of Dogecoin remains above $0.17.

Dogecoin price long-term prediction: bearish

The upward correction stopped at the moving-average lines. Altcoins have retraced, but remain above the $0.20 level of support. If buyers are able to sustain the price above moving averages, DOGE could reach a high of $0.05.

The selling pressure is likely to return if DOGE drops below the moving-average lines. The altcoin is expected to drop below the $0.17 support.

DOGE is currently trading between $0.17 to $0.25. If it loses the current support of $0.17, DOGE could drop to $0.15. The current DOGE price is $0.20.

Dogecoin indicator reading

The price bars have corrected up and are now below the moving-average lines. As buyers try to push the price higher, the price is testing the moving average line. The price bars of DOGE are above the moving-average lines. This gives DOGE a chance to increase.

Technical Indicators

Key resistance levels $0.45 and $0.50

Key Support levels - $0.30 & $0.25

What is the future of Dogecoin cryptocurrency?

DOGE has entered a bearish zone following the price drop of June 5. DOGE has a bearish trend on the 4-hour chart after it rose to a previous high of $0.205. The altcoin trades in a range that includes the resistance of $0.205 and the support of $0.17. Once the range is broken, an altcoin trend will begin.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.