Dogecoin

Resistance

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   Oct 23, 2023 at 06:28 // 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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 </div> <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/8d5/900_900_1/r3u70c2phr45ycvno4wvpyxqtsixfc2p.jpg" width="900" height="563" alt="DOGE is between the moving average lines" title="">
 <p><strong>The latest price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com report, Dogecoin (DOGE) price has resumed its uptrend after falling to a low of $0.057.</strong></p>
 <h2 style="text-align: justify;" id="dogecoin-price-long-term-forecast-bearish">Dogecoin price long term forecast: bearish</h2>
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 <p style="text-align: justify;">The upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. The upward movement is expected to continue to a high of $0.062.</p>
 <p style="text-align: justify;">DOGE has now returned to the previous fluctuation range between $0.060 and $0.064. The current uptrend will continue if the price rises above the moving average lines and the barrier at $0.064. The market will reach a high at $0.068. Meanwhile, DOGE is between the moving average lines.</p>
 <h2 style="text-align: justify;" id="dogecoin-indicator-display">Dogecoin indicator display</h2>
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 <p style="text-align: justify;">DOGE resumes its uptrend as the price bars cross the moving average lines. The altcoin will have to fluctuate between the moving averages if the 50-day line SMA stops the uptrend. Another market movement is possible when the price rises above the 50-day line SMA. The slope of the moving average lines is in the opposite direction, which indicates a sideways trend.</p>
 <p style="text-align: justify;"><img width="988" alt="DOGEUSD - (Daily Chart) – OCT. 22.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/23/942226fe63dd5dba5f79320b43868494.webp" height="518" title="DOGEUSD - (Daily Chart) – OCT. 22.23.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> <b> </b>
 <p style="text-align: justify;"><b> </b></p> <b> </b>
 <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;">DOGE/USD has returned to its price range of $0.060 to $0.064. According to the price indicator, the altcoin will rise to the 1.618 Fibonacci extension or $0.0624. Altcoin is reaching the overbought zone of the market. The current bullish momentum will face resistance at $0.064. Bulls have struggled to break the $0.064 resistance level since August 31.</p>
 <p style="text-align: justify;"><img width="988" alt="DOGEUSD - (4 Hour Chart) – OCT. 22.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/23/7abfc6337569515ed82224c267e268b4.webp" height="518" title="DOGEUSD - (4 Hour Chart) – OCT. 22.23.jpg"><br></p>
 <p style="text-align: justify;">As we reported on&nbsp;October&nbsp;15, the cryptocurrency asset lost value last week as the bears broke the price range of $0.060 to $0.064. The moving average lines have slowed down the upward movement, which extended to the $0.056 support.&nbsp;</p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;"><b>Disclaimer.</b> 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-rises-but-encounters-resistance-at-0-064-tbt67364.html">https://thebittimes.com/dogecoin-rises-but-encounters-resistance-at-0-064-tbt67364.html</a></p>

Dogecoin Rises, But Encounters Resistance At $0.064

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