Dogecoin Continues Its Trend But Price Remains Stuck At The $0.11 Mark

The altcoin will continue its trend as soon as the current barriers are broken. The DOGE price is at $0.107.

Dogecoin price long-term forecast: bullish

Dogecoin (DOGE) has regained bullish momentum after a price dip on September 6, when bulls bought dips from a low of $0.088. The price of the cryptocurrency has been slowly rising, reaching a high of $0.110 before falling back above the moving average lines. 

On the upside, bullish momentum is predicted to reach a high of $0.128. 

However, the current trend is expected to be rejected at the high of $0.115. The upward movement has now stopped at the high of $0.11. DOGE is oscillating above the moving average lines but below the last one.

Dogecoin price indicators reading

DOGE is in an uptrend as the price remains above the moving average lines. The moving average lines have a bullish crossover and are pointing north. This means that the 21-day SMA is above the 50-day SMA, indicating an uptrend.

Technical indicators

Resistance Levels $0.22 and $0.24

Support Levels – $0.14 and $0.12

What's next for DOGE?

The DOGE price is moving in the positive trend zone and above the moving average lines. The current rise has come to a halt above the moving average lines but below the resistance level of $0.11. The upward momentum will resume when the price breaks above the $0.11 level. The market will rise to a high of $0.128. DOGE will move in a narrow trading range if it does not exceed its recent high.

Coinidol.com wrote on September 14 that the DOGE price broke through the moving average lines and reached a high of $0.1069. 

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.