By cryptoadmin 
The worth of Dogecoin (DOGE) has held regular above the $0.24 assist since rebounding on February 3.
Dogecoin worth long-term forecast: bearish
The altcoin has been buying and selling above the $0.24 assist however beneath the transferring common strains for the previous two weeks. The unfavourable development has stopped above the $0.24 assist to the draw back.
Nonetheless, if DOGE loses the present assist at $0.24, it’s going to fall to the earlier low of $0.20. The uptrend will begin when the worth breaks above the 21-day SMA. The worth will resume its uptrend as soon as it crosses above the 50-day SMA. The bullish momentum will proceed to the 50-day SMA barrier.
Dogecoin will return to its excessive of $0.43. On the time of writing, DOGE is buying and selling at $0.2439, in response to Coinidol.com.
Dogecoin indicator studying
The decline has stopped above the $0.24 assist, however the worth bars are nonetheless beneath the transferring common strains. The horizontal transferring common strains point out that DOGE is trending sideways. Doji candlesticks, which decide the worth motion, make sure that the altcoin is in a buying and selling vary.
Technical indicators
Key Resistance Ranges $0.45 and $0.50
Key Help Ranges – $0.30 and $0.25
What’s the subsequent path for Dogecoin?
DOGE is buying and selling above assist at $0.24 however beneath resistance at $0.28. The altcoin is fluctuating beneath and above the transferring common strains.
At the moment, the worth bars are beneath the transferring common strains. The uptrend is hindered by the 21-day SMA barrier.
In the meantime, the altcoin has continued its consolidation beneath the transferring common strains.
Disclaimer. This evaluation and forecast are the private opinions of the creator. They aren’t a advice to purchase or promote cryptocurrency and shouldn’t be seen as an endorsement by Coin Idol. Readers ought to do their analysis earlier than investing in funds.