The price trend of Dogecoin has continued to be sideways. It is currently trading above moving average lines.

Dogecoin long-term price prediction: ranging

Coinidol reports that DOGE has traded sideways since August 9 between the $0.20 barrier and the $0.25 support. On August 22, DOGE surged and exceeded the moving average line. The $0.24 high marked the end to the upward trend.

The $0.25 barrier has slowed the upward trend in the last month. The price is being rejected as it oscillates above the moving-average lines. DOGE will begin selling again if the bears are able to push the price down below the moving-average lines. The altcoin is expected to drop initially down to $0.19. DODE currently trades at $0.235.

Analysis of DOGE price indicators

The DOGE price trades above the horizontal moving-average lines. The 21-day SMA has a higher value than the 50 day SMA. This indicates an upward trend for the cryptocurrency. On the 4-hour graph, the 21st SMA is lower than the 50th SMA, but it is sloping up, indicating a trend.

Technical Indicators

Key resistance levels $0.45 and $0.50

Key Support levels - $0.30 & $0.25

What is the future of Dogecoin cryptocurrency?

The DOGE price continues to be sideways, as buyers are unable to push it higher than $0.25.

The altcoin trades above the $0.21 resistance but below the 0.25 support level on the 4-hour chart. DOGE is trading above the moving-average lines but below the $0.24 high. If the buyers are successful, the altcoin is likely to rise above the threshold of $0.25.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. 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.