• The Dogecoin is still in a sideways trend trading between the levels of $0.002500 and $0.003500 price levels.
• The small body candlesticks like the Doji and spinning are responsible for the range bound move.

DOGE/USD Medium-term Trend: Ranging

• Resistance Levels: $0.003200, $0.003400, $0.003600
• Support levels: $0.002800, $0.002600, $0.002400

Yesterday, June 17, the price of DOGE was in a bullish trend. In the last 48 hours, the bulls are coming out of the range-bound move. The Dogecoin is still in a sideways trend trading between the levels of $0.002500 and $0.003500 pric. The 12-day EMA and the 26-day EMA are horizontally flat indicating that the sideways trend is ongoing. The crypto’s price is characterized by small body candlesticks.

The small body candlesticks like the Doji and spinning tops are responsible for the range bound move. The candlesticks describe the indecision between the buyers and sellers at the current market price. Today, the crypto’s price is rising to test or break the $0.003500 price level. Dogecoin is likely to range for few more days but a bullish break and bearish break is imminent. The MACD line and the signal line are above the zero line which indicates 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 12-day EMA and the 26-day EMA are sloping horizontally indicating a sideways trend. The crypto’s price is fluctuating below and above the EMAs. The DOGE market has choppy price action as the resistance and the support level are not easily determinable. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

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