Dogecoin price $0.0040 Key DOGE resistance levels $0.0045, $0.005, $0.0055 Key DOGE support levels $0.003, $0.0025, $0.002

*Price at the time of writing

Dogecoin long-term price prediction: Bullish

The long-term bearish sentiment now seems to have ended in the DOGE market following a reversal that started on Monday (before the big Bitcoin spike). Doge attempted to break a solid resistance level at $0.0031 yesterday, but the buyers could not pave through as a result of price rejection (long wick).

Buy/Sell Dogecoin (DOGE)

Today's market opening has remarkably breached the $0.0031 resistance (now support) level and the token is significantly above the break level, nearing the $0.0045 resistance. Once the buying momentum is exhausted, a bearish retracement is more likely to play out before a bounce up. The key target for such move lies at the $0.0031 support level. A break low on the above support may send price near the red zone, testing the $0.0025 and $0.002 support levels.

A bounce up, however, could visit a new resistance level at $0.0045 and above. As revealed on the daily MACD, it appeared the green market is just starting. More so, the 50-day moving average (orange line) is a strong defensive line for the buyers. For now, the DOGE market should be considered as following an upward direction.

Dogecoin medium-term price prediction: Bearish

The beginning of April has been a very interesting moment for DOGE as the price surged to the $0.0043 area and is still holding strong with about an 80% gain from the $0.0021 low level. Currently, the price action waves far above the 50-day moving average (orange line). This suggests heavy buying pressure.

The DOGE market is undoubtedly following a bullish sentiment. The positive move is clearly pictured on the 4-hour MACD. Now, it appears the medium-term bullish is nearing exhaustion. The bears may possibly drive the market to a short-term bearish move before a rebound. If Doge eventually declines, close support is likely at $0.0036, $0.0032 and 0.0028 in a subsequent move.

A bullish play could drive the token's price to the resistance level at $0.0044 and above. This market reaction should convincingly position both the orange line and the MACD in a higher trend. At the moment, DOGE signals a fall as revealed on the current 4-hour candle. A change of trend is in view.

Dogecoin short-term price prediction: Bullish

Looking at the bigger picture, a bullish momentum is more pronounced on a short-term perspective. The hourly MACD is reflected at the highest level. The next bullish move is expected at the $0.0044 resistance and above.

Since the rise-up, the 50-day moving average (orange line) has been acting a support line for the DOGE market. Yesterday, the coin re-tested the orange line before the rally continued. The red candlesticks reflected a bearish struggle and attempt to gain control of the market. Despite the bear reaction, the bulls continue to walk the price up.

If the sellers succeed, a downward move is likely to make a bottom at $0.0034 support, touching the orange line. A further drop would place DOGE in a bearish position with a possible test at $0.003 and $0.0028.