Dogecoin

April

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   Dec 03, 2023 at 09:49 // 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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 <p><strong>The price of Dogecoin (DOGE) has resumed its uptrend after rising above the 21-day simple moving average and reclaiming the $0.080 high. Dogecoin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 id="p-style-text-align-justify-dogecoin-price-long-term-forecast-bullish-p"><p style="text-align: justify;">Dogecoin price long term forecast: bullish</p></h2>
 <p style="text-align: justify;">At the time of writing, the altcoin had reached a high of $0.086. During the last rally, the market reached a high of $0.087 before being rejected. On a positive note, the cryptocurrency has the potential to rise even further to previous highs. If the current upward momentum continues, DOGE is predicted to reach a high of $0.10. However, the bullish momentum will meet resistance at the high of $0.095. DOGE is in the overbought territory of the market.</p>
 <h2 style="text-align: justify;" id="dogecoin-indicator-reading">Dogecoin indicator reading</h2>
 <p style="text-align: justify;">The price bars are pointing north and are above the moving average lines. The moving average line serving as support is the 21-day SMA. The uptrend ends when the price of DOGE falls below the moving average lines. If sellers appear in the overbought area, the price of the cryptocurrency will also fall.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Key resistance levels – $0.12 and $0.14</b></p>
 <p style="text-align: justify;"><b>Key support levels – $0.06 and $0.04</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="DOGEUSD_ (Daily Chart) –Dec.02.jpg" src="https://cdn.thebittimes.com/images/2023/12/03/5ce61ccabdece0ba17b9a2376feca5e8.webp" height="511" title="DOGEUSD_ (Daily Chart) –Dec.02, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-dogecoin">What is the next direction for Dogecoin?</h2>
 <p style="text-align: justify;">DOGE/USD is rising as it reaches the historical price level of April 3. The market reached a high of $0.10 on April 3 and the upside momentum was halted at the $0.10 high. The altcoin was rejected after rejections during its recent high. The market will peak at $0.11 if the current level is surpassed today.</p>
 <p style="text-align: justify;"><img width="1024" alt="DOGEUSD_ (4-Hour Chart) –Dec.02.jpg" src="https://cdn.thebittimes.com/images/2023/12/03/8840035cde25900cc7a0c49d3a3a0346.webp" height="511" title="DOGEUSD_ (4-Hour Chart) –Dec.02, 2023"><br> <br> <i><span style="color: #959595;">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-enters-the-overbought-zone-and-targets-the-high-of-0-10-tbt72436.html">https://thebittimes.com/dogecoin-enters-the-overbought-zone-and-targets-the-high-of-0-10-tbt72436.html</a></p>

Dogecoin Enters The Overbought Zone And Targets The High Of $0.10

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