Cryptocurrency

Dogecoin

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    Sep 12, 2023 at 07:48 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/4bd/900_900_1/himjmod0r2htabl0vgfp3gjkggn7azqy.jpg" width="900" height="563" alt="Dogecoin is currently in decline" title=""> 
 <p><strong>Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com. Dogecoin (DOGE) price has remained in a range, although it will continue to fall.</strong></p> 
 <h2 style="text-align: justify;" id="dogecoin-price-long-term-forecast-fluctuating">Dogecoin price long-term forecast: fluctuating </h2> 
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 <p style="text-align: justify;"> On September 10, the cryptocurrency value fell even further, reaching a low of $0.059. The decline has slowed down as the bulls bought the dips. The 21-day line SMA and the barrier at $0.063 have stopped the upward movement. </p> 
 <p style="text-align: justify;"> Since the August 17 plunge, DOGE has never risen above the moving average lines. At the time of writing, Dogecoin is trading at $0.061. The altcoin is priced between $0.059 and $0.063. If the current support is broken, the altcoin will return to its previous low of $0.055. The bears currently have the upper hand while the cryptocurrency is falling. </p> 
 <h2 style="text-align: justify;" id="dogecoin-indicator-display"> Dogecoin indicator display </h2> 
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 <p style="text-align: justify;"> The cryptocurrency is falling as it exceeds the Relative Strength Index level of 33 for the period 14. Yesterday, the DOGE price bumped off the 21-day line SMA as the cryptocurrency continued to fall. </p> 
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 <p style="text-align: justify;"> DOGE will continue to fall as long as the price bars are below the moving average lines. The altcoin fell because it is in a downtrend below the daily stochastic level of 40. </p> 
 <p style="text-align: justify;"> <img width="1011" alt="DOGEUSD - (Daily Chart) – Sept. 11.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/12/a35f1591387890c9f576230f802c4660.webp" height="545" title="DOGEUSD - (Daily Chart) – Sept. 11.23.jpg"><br> </p> 
 <h3 style="text-align: justify;" id="technical-indicators"> Technical Indicators </h3> 
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 <p style="text-align: justify;"> <b>Key resistance levels – $0.12 and $0.14 </b> </p> 
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 <p style="text-align: justify;"> <b> Key support levels – $0.06 and $0.04</b> </p> 
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-dogecoin"> What is the next direction for Dogecoin? </h2> 
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 <p style="text-align: justify;"> Dogecoin has been restricted to a price range of $0.059 to $0.063. The altcoin is currently in decline as it faces another rejection at $0.062. The price of the altcoin could fall to the previous low of $0.055. DOGE could recover if it reaches its previous low of $0.055 again. </p> 
 <p style="text-align: justify;"> <img width="1011" alt="DOGEUSD_ (4 Hour Chart) – Sept.11.23.jpg" src="https://cdn.thebittimes.com/images/2023/09/12/c182ad76a44898029eac4ef6a827e5ba.webp" height="546" title="DOGEUSD_ (4 Hour Chart) – Sept.11.23.jpg"><br> </p> 
 <p style="text-align: justify;"> Last week Coinidol.com reported that 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.&nbsp; </p> 
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 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> 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.</span></i> </p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogecoin-faces-another-rejection-as-it-targets-low-of-0-055-tbt62406.html">https://thebittimes.com/dogecoin-faces-another-rejection-as-it-targets-low-of-0-055-tbt62406.html</a></p>

Dogecoin Faces Another Rejection As It Targets Low Of $0.055

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