The latest price analysis by Coinidol.com report, Dogecoin (DOGE) price returned to its range after being rejected at the high of $0.0687.
DOGE price recovered on August 29, but failed to break the moving average lines. The price fell because the uptrend stopped at the high of $0.068.
DOGE the uptrend is shaky as the bears are aggressive at higher price levels. Buyers, on the other hand, are stubbornly defending existing support. If DOGE retests the $0.061 support, a reversal will occur. The price of the altcoin is currently oscillating between $0.062 and $0.065. At the time of writing, the altcoin is trading at $0.063.
On the Relative Strength Index for the 14 period, the price of DOGE is consolidating around the 39 level. The price bars are rejected at the moving average lines and could fall further. Bullish momentum has stalled above the daily stochastic threshold of 25.
Key resistance levels – $0.12 and $0.14
Key support levels – $0.06 and $0.04
Dogecoin is back in the fluctuation zone. The price of the altcoin fell from a high of $0.068 to a low of $0.063. The price of the altcoin is hovering between $0.062 and $0.065. The altcoin is trading marginally due to the return of doji candlesticks.
Disclaimer. This analysis and forecast are the personal opinions of the author and 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.