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Dogecoin (DOGEUSD ) Is Ranging Within $0.062 and $0,046 Price Levels – Cryptovibes.com – Daily Cryptocurrency and FX News

Dogecoin (DOGEUSD ) Is Ranging Within $0.062 and $0,046 Price Levels – Cryptovibes.com – Daily Cryptocurrency and FX News


DOGEUSD Price Analysis – March 20

Further increase in the bulls’ momentum will make the price to break above the resistance level of $0.062; above it are $0.072 and $0.082 resistance levels. Should the $0.062 resistance level holds, the price may reverse and face the support level at $0.046, further increase in the bears’ pressure may push down the price to $0.031 and $0.010.

DOGEUSD Market

Key levels:

Resistance levels: $0.062, $0.072, $0.082

Support levels: $0.046, $0.031, $0.010

 

DOGEUSD Long-term Trend: Ranging

DOGEUSD is in the ranging zone. The coin is range-bound within the resistance level of $0.062 and support level of $0.046. The bulls have made attempts four times to break up the resistance level of $0.062 but unable because the level is significant. The bears’ momentum is not enough to break down the support level of $0.046. The ranging movement will continue until the breakout takes place.

DOGEUSD daily chart, March 20

The slow Moving Average (21 periods) is at a close range with the fast Moving Average (9 periods EMA) and the price is trading over the two EMAs as a sign of ranging movement. Further increase in the bulls’ momentum will make the price to break above the resistance level of $0.062; above it are $0.072 and $0.082 resistance levels. Should the $0.062 resistance level holds, the price may reverse and face the support level at $0.046, further increase in the bears’ pressure may push down the price to $0.031 and $0.010. The relative strength index period 14 is parallel to the level at 50 levels to indicate that consolidation is in progress.

 DOGEUSD medium-term Trend: Ranging

DOGEUSD is ranging in the 4-hour chart. The price action has tested the resistance level of $0.062 twice. The first touch was on March 09, the second touch was on March 14; this is a bearish reversal chart pattern.

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DOGEUSD 4-hour chart, March 20

The currency is trading over the 21 periods EMA and 9 periods EMA and the two EMAs is interlocked to each other which indicates that consolidation is in progress in the DOGE market. The relative strength index period 14 is at 40 levels and the signal lines is not exhibiting any signal.



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