Dogecoin-Comes-Barking-With-New-Vertbase-USD-Based-Fiat-Exchange-Listing-of-DOGE-Token
  • On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend.
  • On the downside, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement.

DOGE/USD Medium-term Trend: Bearish

  • Resistance Levels: $0.00400, $0.004500, $0.005000
  • Support levels: $0.00300, $0.00250, $0.00200

Yesterday, April 15, the price of DOGE was in a bearish trend. In retrospect, the price of Dogecoin had been in a range bound movement. On April 11, the crypto’s price fell to a low at $0.00267979 and commenced a range bound movement. On April 14, the bulls broke above the EMA and were resisted at the $0.002900 price level. The crypto’s price fell to a low at $0.00273035 to commence a bullish movement.

On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend. On the other hand, if the bulls fail to break the EMAs, the crypto’s price will continue its range bound movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The DOGE price is a below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

DOGE/USD Short-term Trend: Bearish

On the 1-hour chart, the price of DOGE is in a bearish trend zone. The 12-day EMA and the 26-day EMA are trending southward indicating that price is in the bearish trend zone. The bulls are attempting to break the EMAs but were resisted at the 26-day EMA.

The crypto’s price will fall if the bulls fail to break above the EMAs. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell 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.

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