Dogecoin

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   Dec 31, 2023 at 13:11 // 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/eb5/900_900_1/qoi7bb2jil2cmqgq09a0624q4dz0w7z0.jpg" width="900" height="563" alt="" title="">
 <p><strong>DOGE has been trapped between moving average lines over the past week. Buyers tried unsuccessfully to bring the price back above the 21-day SMA.</strong></p>
 <h2 style="text-align: justify;" id="long-term-outlook-for-dogecoin-price-bearish">Long-term outlook for Dogecoin price: bearish</h2>
 <p style="text-align: justify;">Dogecoin (DOGE) price is expected to decline further if it breaks below the 21-day SMA on December 19.</p>
 <p style="text-align: justify;">On Dec. 26, the bears pushed the price above the 50-day simple moving average, but the bulls bought the dips. The bears now have the upper hand and DOGE is falling. The cryptocurrency will test the support of the 50-day simple moving average. According to the price indicator, DOGE will fall to the Fibonacci extension of $1.618 or the low of $0.075.</p>
 <h2 style="text-align: justify;" id="dogecoin-indicator-analysis">Dogecoin indicator analysis</h2>
 <p style="text-align: justify;">DOGE's price bars have gotten caught between the moving average lines. If the moving average lines are broken, DOGE will develop a trend. Selling pressure will intensify if the price of DOGE falls below the moving average lines.</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;"><img width="1024" alt="DOGEUSD_ (Daily Chart) –Dec.30.jpg" src="https://cdn.thebittimes.com/images/2023/12/31/ddfa739aefc36f5905ac886f0a29f510.webp" height="551" title="DOGEUSD_ (Daily Chart) –Dec.30, 2023"></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 is moving sideways on the 4-hour chart. The price of the altcoin is fluctuating between $0.086 and $0.097. Doji candlesticks, which have a small body and are indecisive, have characterised the price action. Doji candlesticks are rigid and restrict the price movement.</p>
 <p style="text-align: justify;"><img width="1024" alt="DOGEUSD_ (4-Hour Chart) –Dec.30.jpg" src="https://cdn.thebittimes.com/images/2023/12/31/1581b209c2d3b6861314534f67cdb836.webp" height="491" title="DOGEUSD_ (4-Hour Chart) –Dec.30, 2023"></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/doge-falls-to-0-095-in-the-face-of-further-rejections-tbt75247.html">https://thebittimes.com/doge-falls-to-0-095-in-the-face-of-further-rejections-tbt75247.html</a></p>

DOGE Falls To $0.095 In The Face Of Further Rejections

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TheBitTimes

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