On May 29, 2021, Dogecoin (DOGE) price was in another downtrend. Now the token is in trade at the level of $0.30 at the time of writing.
Dogecoin (DOGE) ár hosszú távú előrejelzés: bullish
Following the last bearish impulse last week buyers and sellers have been in price tussle between $0.28 and $0.38. Buyers attempted to push the DOGE price above the moving averages but were repelled. The bulls were rejected at $0.36 and $0.38 resistance which caused the altcoin to resume selling pressure. As the downtrend resumes, then the bears may want to push DOGE price to the lows of either $0.24 or $0.21.
In the previous price action, the market fell to these lows but the bulls bought the dips. On May 20, DOGE price corrected upward but was resisted at $0.44. This plunged the altcoin to a $0.24 low. Again, the bulls bought the dips as the price corrected upward to $0.38. Dogecoin continued its downward correction before the last rejection at $0.36.
Dogecoin (DOGE) indikátor olvasása
Now the DOGE/USD pair price has broken below the 21-day and 50-day SMAs which suggest a further downward movement of the prices. Dogecoin is below the 40% range of the daily stochastic. This indicates that the market has bearish momentum. The 21-day SMA and 50-day SMAs are sloping downward.
Műszaki mutatók:
Fő ellenállási szintek: 0.80 és 0.85 dollár
Fő támogatási szintek - 0.45 és 0.40 dollár
Mi a következő irány a Dogecoin (DOGE) számára?
Dogecoin has resumed a fresh downtrend as price breaks below the moving averages. The downtrend on May 10 with a retraced candle body tested the 61.8 % Fibonacci retracement level indicates that the altcoin will fall to level 1.618 Fibonacci extension or level $0.18.
Jogi nyilatkozat. Ez az elemzés és előrejelzés a szerző személyes véleménye, nem kriptovaluta vásárlására vagy eladására vonatkozó ajánlás, és nem tekinthető a Coin Idol általi jóváhagyásnak. Az olvasóknak saját kutatást kell végezniük, mielőtt befektetnek.