Dogecoin's Rally Is Over As It Is Rejected At $0.080
Dogecoin price long term forecast: bullish
Last week, it traded between $0.070 and $0.082. Buyers pulled the cryptocurrencies above the 21-day simple moving average on November 22 and continued the uptrend.
DOGE's price was rejected after reaching a high of $0.080. If the resistance of $0.080 is broken, DOGE price is expected to rise to the highs of $0.090 and $0.10. On the other hand, the value of the crypto asset will fall and trade between $0.070 and $0.080, invalidating the bullish scenario.
Dogecoin indicator reading
Following the recent market rally, the price bars have risen above the moving average lines. The price bars on the 4-hour chart are either above or below the descending moving average lines. The price of the cryptocurrency is currently above the moving average.
