According to a price analysis by Coinidol.com, Dogecoin (DOGE) is currently trading sideways but is stuck between moving average lines. The price of DOGE is fluctuating between $0.30 and $0.40. If the 21-day Simple Moving Average (SMA) support is broken, DOGE will likely fall to $0.30, and if the bearish momentum continues, it could drop to $0.26. On the other hand, if the 21-day SMA holds support, DOGE could rise and potentially break above the 50-day SMA or resistance at $0.40, leading to an uptrend and a return to its previous high of $0.48. The price bars are currently trapped between the moving average lines and the bears are close to breaking the 21-day SMA support. The key resistance levels are $0.45 and $0.50, while the key support levels are $0.30 and $0.25. On the 4-hour chart, DOGE has dropped below the moving average lines but has recovered slightly and is trading above the $0.30 support. However, readers should note that this analysis and forecast are personal opinions and not a recommendation to buy or sell cryptocurrency.



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