Dogecoin Price $0.0025 Key DOGE Resistance Levels $0.0035, $0.0045 Key DOGE Support Levels $0.002, $0.0015

*DOGE Price at the time of the writing

DOGE Long Term Trend Price Prediction: Bearish

Ranked 26th on the market cap, the price of Dogecoin had dramatically dropped by an approximately 75% following the crash market from September 2018 till early April before witnessing a 4-days surge above the important simple moving averages; the white 50-day and the pink 100-day. As shown on the daily RSI, Dogecoin market is bearish.

Buy/Sell Dogecoin (DOGE)

After the surge in volatility, the token plunged due to a heavy supply from the bears. The market is now running a correction to the previous surge area of $0.002 which is more likely to encounter a push-up; $0.0035 and $0.0045 highs would be the next buying target for the bulls.

If price breaks below $0.002 low, we may experience a significant blood bath in the market as the price could print a new low. Expect the unexpected as anything could play out in the crypto space!

What is the likely next move?

Looking at the current position of the simple moving averages, we may see a positive move in this market if the 50-day SMA clearly drives up the 200-day SMA; a golden cross signal. As soon as the signal is confirmed, DOGE market could resume a trending green momentum. The potential resistance levels for the bidders are $0.0035 and beyond.

Alternatively, the token may further decline to the critical support of $0.002. Below this support, the tendency for a rise is high than a fall. Like we said earlier, “Expect the unexpected as anything could play out in the crypto space!”

DOGE Medium Term Trend Price Prediction: Bearish

So far on the medium term perspective, DOGE market appeared to be following a downtrend for the past twenty-five days after a buying exhaustion at $0.00429 high. A death cross was signaled three days ago as the white 50-day SMA penetrated the 200-day SMA. This simply means that we may experience more downtrend in the coming days of trading.

On the RSI, the sell entry was revealed at the overbought zone. Up till this moment, the lower RSI line has remained a strong demand level for this market. Dogecoin is likely to incline if price action continues to trend above the RSI demand level. However, a break low might drop the price of the token to $0.002 support level. For the bidders, the key resistance levels are $0.0030 and $0.0035.

DOGE Short Term Trend Price Prediction: Bearish

Apparently, the sellers have dominated DOGE on the hourly chart as the market trends below the simple moving averages. While the 50-day simple moving average line hovers along with the price action, the 200-day simple moving average acted as a supply level for the sellers which have been difficult for the buyers to surpass since the price drop.

If the buyers managed to surpass the 200-days SMA line, we may see an upside rally to $0.00285 and $0.00305 resistance levels. The $0.0024 is the next support for the sellers. Meanwhile, the RSI currently operates between the ranges of 40 and 60 levels which signal for an indecisive trend.