Dogecoin Starts Its Range With A Rejection At $0.18

The price of Dogecoin (DOGE) is under selling pressure again after the downtrend was halted on March 10.

DOGE price long-term prediction: bearish

The price indication predicts that the selling pressure will continue to the low of $0.048. The altcoin is currently at $0.163.

On the downside, DOGE will fall to the current support level and will fall further to the next level at $0.090 if the current support at $0.14 is broken.

However, if the support at $0.14 holds, the move below the resistance at $0.18 will continue. In the meantime, the altcoin is falling while moving sideways.

DOGE indicator reading

After the bearish crossover, the moving average lines have fallen to the bottom of the chart. DOGE is falling as it is rejected at the 21-day SMA barrier.

On the weekly chart, the crypto price has resumed its downtrend after falling below the moving average lines.

Technical indicators

Resistance Levels $0.45 and $0.50

Support Levels – $0.30 and $0.25

What is the next direction for Dogecoin?

The price of DOGE has started to decline again after holding above the $0.14 support. The cryptocurrency is expected to keep declining, reaching the Fibonacci extension's level of 2.0 or the $0.048 low. The downward trend was made possible by the rejection at the $0.18 resistance 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.