Dogecoin

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   Oct 29, 2023 at 09:06 // 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/58a/900_900_1/srqkad2g9odjei70ntv3d98mos3nkjmj.jpg" width="900" height="563" alt="The DOGE price is capped 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, the price of Dogecoin (DOGE) has increased after rising above the moving average lines and the $0.64 resistance level.</strong></p>
 <h2 style="text-align: justify;" id="dogecoin-price-long-term-forecast-bullish">Dogecoin price long-term forecast: bullish</h2>
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 <p style="text-align: justify;">The upward momentum reached a high of $0.075 before retreating on October 26. The altcoin retreated to a low of $0.067 before resuming its uptrend. The uptrend temporarily held at a high of $0.073. The price indication suggested that the cryptocurrency would continue to rise. A retraced candlestick tested the 61.8% Fibonacci retracement level of the October 26 upswing. The retracement suggests that DOGE will rise to the 1.618 Fibonacci extension or $0.086. The altcoin has risen to a high of $0.068 due to market activity, and further growth is expected.</p>
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 <h2 style="text-align: justify;" id="dogecoin-indicator-reading">Dogecoin indicator reading</h2>
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 <p style="text-align: justify;">The price bars have broken through the moving average lines and have reached higher highs and higher lows. In addition, the moving average lines have formed a bullish crossover, with the 21-day SMA above the 50-day SMA, indicating that the cryptocurrency will continue to rise. The DOGE price is capped between the moving average lines in the lower time frame, causing the altcoin to fluctuate.</p>
 <p style="text-align: justify;"><img width="987" alt="DOGEUSD - (Daily Chart) – OCT. 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/29/463f9e435d56a7b3a92c1505f2d0357b.webp" height="581" title="DOGEUSD - (Daily Chart) – OCT. 28.23.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>
 <p style="text-align: justify;"><b> </b></p>
 <p style="text-align: justify;"><b> Key support levels – $0.06 and $0.04</b></p>
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 <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;">The DOGE/USD exchange rate is rising, but was pushed off at the high of $0.074. The cryptocurrency has returned to the area between the moving average lines. If the bulls break the 21-day SMA, the altcoin will regain its bullish momentum. On the downside, the cryptocurrency will crash if the bears break below the 50-day simple moving average.</p>
 <p style="text-align: justify;"><img width="987" alt="DOGEUSD_ (4 Hour Chart) – OCT. 28.23.jpg" src="https://cdn.thebittimes.com/images/2023/10/29/f324feb313e3a413158b9e9b5023bae7.webp" height="581" title="DOGEUSD_ (4 Hour Chart) – OCT. 28.23.jpg"><br></p>
 <p style="text-align: justify;">As we reported on October 23, 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.&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-continues-its-upward-trend-and-targets-the-high-at-0-086-tbt68255.html">https://thebittimes.com/dogecoin-continues-its-upward-trend-and-targets-the-high-at-0-086-tbt68255.html</a></p>

Dogecoin Continues Its Upward Trend And Targets The High At $0.086

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