- Meanwhile, the Dogecoin had been fluctuating between the levels of$0.002500 and $0.003500 in the last three months.
- The DOGE price is in a bullish momentum and a buy signal.
DOGE/USD Medium-term Trend: Ranging
Resistance Levels: $0.003600, $0.003800, $0.004000
Support levels: $0.003200, $0.003000, $0.002800
Yesterday, July 29, the price of DOGE was in a range bound move below the EMAs. The moving averages were trending horizontally indicating that price is in a sideways trend. The Doge price was being resisted at the 26-day EMA and price may continue to trade below the EMAs. Meanwhile, the Dogecoin had been fluctuating between the levels of$0.002500 and $0.003500 in the last three months.
The dominance of the small body candlestick like the Doji and the Spinning tops will indicate whether the coin will continue its range-bound movement. The small body candlesticks appear to describe the indecision between the buyers and sellers at the current market price. The DOGE price is in the oversold region of the market but above 20% range. This indicates that price is in a bullish momentum and a buy signal.
DOGE/USD Short-term Trend: Ranging
On the 1-hour chart, the price of DOGE is in a sideways trend zone. The moving averages were sloping horizontally indicating a sideways trend. The crypto’s price is fluctuating below above the EMAs.
The crypto’s price is fluctuating between the levels of $0.002800 and $ 0.003200. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
