2024

Dogecoin

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   Jan 14, 2024 at 16:54 // 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/b81/900_900_1/febae7wmzkltom2wm5pur8aeibzmsgmz.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of Dogecoin (DOGE) has fallen below the moving average lines.<br> </strong></p>
 <h2 style="text-align: justify;" id="long-term-outlook-for-the-dogecoin-price-bearish">Long-term outlook for the Dogecoin price: bearish</h2>
 <p style="text-align: justify;">The negative momentum has weakened since the price broke down above the $0.073 support level on January 3. The DOGE price's attempt to recover upwards was halted by the resistance at $0.087 and the moving average lines.&nbsp;</p>
 <p style="text-align: justify;">Today, DOGE is trading at $0.079. The cryptocurrency is bearish after its rejection on January 11. If the bearish momentum continues beyond the current support, Dogecoin will fall and reach its previous low of $0.070.</p>
 <p style="text-align: justify;">However, if buyers keep the price above the moving average lines, the altcoin will resume its positive trend. Consequently, DOGE is bearish.</p>
 <h2 style="text-align: justify;" id="dogecoin-indicator-reading">Dogecoin indicator reading</h2>
 <p style="text-align: justify;">DOGE/USD's price bars are below the moving average lines, making it vulnerable to a decline. The price action of cryptocurrencies is primarily characterized by extended candlestick tails, which indicate robust buying at lower prices. The 21-day SMA has crossed below the 50-day SMA, indicating a bearish crossover for DOGE at this time. This shows where sell orders are being placed.</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) –Jan.13.jpg" src="https://cdn.thebittimes.com/images/2024/01/15/bc4df9db8399cbf43f635319fdc48aae.webp" height="491" title="DOGEUSD_ (Daily Chart) – Jan.13, 2024"><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 expected to fall further to the low of $0.070. This is because the resistance at $0.087 and the moving average lines are rejecting each other. The price of the altcoin has been oscillating between $0.076 and $0.088. The decline will continue once the current support level at $0.076 is breached.</p>
 <p style="text-align: justify;"><img width="1024" alt="DOGEUSD_ (4-Hour Chart) –Jan.13.jpg" src="https://cdn.thebittimes.com/images/2024/01/15/fc491b83abb58fcad12993dcb4b8c632.webp" height="551" title="DOGEUSD_ (4-Hour Chart) – Jan.13, 2024"><br></p>
 <p style="text-align: justify;"><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 the 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-price-falls-but-holds-above-0-074-tbt76559.html">https://thebittimes.com/dogecoin-price-falls-but-holds-above-0-074-tbt76559.html</a></p>

Dogecoin Price Falls But Holds Above $0.074

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