The article discusses the recent trading patterns of Dogecoin (DOGE), stating that it has been trading sideways between the $0.30 support and the $0.34 resistance. The altcoin is currently rising but encountering resistance at the 21-day SMA. The author predicts that DOGE will return to a positive trend if it breaks above the moving average lines, with a potential high of $0.45. However, if DOGE is rejected at the 21-day SMA, the sideways trend will continue. Selling pressure may occur if the bears break through the current support level at $0.30, causing the market to fall to $0.26. The article also mentions key resistance levels at $0.45 and $0.50, as well as key support levels at $0.30 and $0.25. The author concludes by stating that the trading range will continue until a clear trend is established.
- Content Editor ( coinidol.com )
- 2025-01-04
Dogecoin Price Turns Up, But Hits The $0.34 Barrier