DOGE Maintains Sideways Pattern above $0.090

Dogecoin’s price has remained stable since March 27.

DOGE price long-term prediction: ranging

The cryptocurrency has been range-bound, holding above the $0.088 support but below the moving average lines. Over the past week, the price has consolidated above the $0.088 support, with Doji candlesticks forming. Upward movement has been rejected three times, as shown by the candlestick wicks.

Yesterday, the altcoin is rising steadily but has stalled at a high of $0.092. If DOGE recovers and breaks above the moving average lines, it could rise above the $0.10 level. Currently, DOGE is valued at $0.092.

Technical indicators

Dogecoin price indicators reading

Long candlestick wicks across the moving average lines indicate strong selling pressure at recent highs. The 21-day SMA is below the 50-day SMA, confirming the horizontal trend. On the 4-hour chart, the price has fluctuated above and below the horizontal moving average lines. Today, the upward trend has stalled at the moving average lines.

What is the next direction for Dogecoin?

DOGE’s price is rising as buyers attempt to push it above the moving average lines. In previous price action, buyers moved the price above the moving average lines but faced resistance at $0.094. Today, the upward momentum is likely to reverse as the altcoin maintains its sideways pattern.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is 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.