Dogecoin price $0.0029 Key DOGE resistance levels $0.0035, $0.0040 Key DOGE support levels $0.0025, $0.0020

*Price at the time of writing

Long-term Dogecoin price prediction: Bullish

At the beginning of 2019, DOGE appeared subdued with substantial choppy price action which later led to an extreme surge in price volatility right at the start of April. In just four days of trading, Doge price increased by roughly 100% from the pre-spike level before witnessing a sharp drop. This is clearly revealed on the Fibonacci Retracement Level.

Buy/Sell Dogecoin (DOGE)

While the important 200-day moving average (yellow line) has acted as a strong support line for the DOGE market, the 0.383 (0.00276) fib. level also provided a defensive zone for the price action. The sellers may find it difficult to surpass the solid price level. If they succeed, however, the 0.236 (0.002387) fib. level may be visited.

Following the sharp decline on April 5, the daily RSI is now revealed horizontally below the 70 line, indicating an indecisive market. In the oversold territory, the daily Stochastic RSI is about to cross over the 20 line, signaling a long move. The next buying targets for the bulls are at the 0.618 and 0.786 fib. Levels. At the moment, the Doge market appears indecisive but the next wave is more likely to follow an upward rally.

Medium-term Dogecoin price prediction: Bullish

Considering the 200 moving average (yellow line) as a solid defensive line, Doge is still presented bullish as its price movement remains above this indicator. As price struggles to stay above 0.382(0.0029) fib. level, a strong holding could propel the price to the subsequent Fibonacci levels.

Selling pressure, however, could meet a tight level at 0.236 (0.00258), where the yellow line lies. In case the price further drops, Doge could slip into the red zone of the FRL as the zero level would be the next target for the bears. Selling pressure is reflected in the 4-hour Stochastic RSI.

On the other hand, the 4-hour RSI has been following an upward direction for the past seven days, and is now pointing at the overbought level. This suggests that a buying momentum is compounding which is likely to reveal clearly in the next few days of trading.

Short-term Dogecoin price prediction: Bullish

On a short-term outlook, Doge is preparing for another bullish move after crossing the important 200 moving average (yellow line) to 1 (0.00306) fib. level yesterday. Currently, ongoing selling pressure has sunk below the 0.5 (0.00287) fib. level, aiming at the important yellow line. A bounce up is expected as soon as price touches the 0.382 (0.00283) fib. level, where the yellow line lies. The bearish move is indicated on the hourly RSI as the 40 level act as a demand level for the bulls.

If the price falls below the mentioned fib. level, the Doge market is likely to experience a significant fall to the zero fib. level and beyond. Looking at the hourly Stochastic RSI, a bullish move is suggested as price crosses over the 20 line.