Dogecoin Fluctuates In A Range On Reaching The $0.30 High

Dogecoin (DOGE) has continued its positive trend and surpassed the predicted price level.

DOGE price long-term prediction: bullish

Dogecoin has surpassed the predicted price and reached a high of $0.30. Today, the cryptocurrency price is oscillating after reaching the resistance level. 

If the bulls break through the resistance level of $0.30 to the upside, the market will reach its previous high of $0.35. However, if DOGE falls from its recent high, it will trade below the $0.30 high but above the $0.22 breakout level and reach the overbought level.

According to price analysis by Coinidol.com, Dogecoin buyers have maintained their position and sustained the upside momentum. 

Dogecoin indicator reading

The 21-day SMA is still a support line for the price bars. The market will continue to rise as long as the price bars bounce above it. The trend could break if the price falls below the 21-day SMA.

What is the next direction for Dogecoin?

DOGE’s price is now in an uptrend after breaking through the $0.22 barrier. The upward momentum has stalled below the high of $0.30.The price of the cryptocurrency is trading in a narrow range above the $0.27 support but below the recent high. DOGE has reached the overbought zone of the market. The altcoin will fall if sellers emerge in the overbought zone. 

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.