The latest price analysis by Coinidol.com report, the price of Dogecoin (DOGE) has increased after rising above the moving average lines and the $0.64 resistance level.<\/strong><\/p>\n

Dogecoin price long-term forecast: bullish <\/h2>\n

The upward momentum reached a high of $0.075 before retreating on October 26. The altcoin retreated to a low of $0.067 before resuming its uptrend. The uptrend temporarily held at a high of $0.073. The price indication suggested that the cryptocurrency would continue to rise. A retraced candlestick tested the 61.8% Fibonacci retracement level of the October 26 upswing. The retracement suggests that DOGE will rise to the 1.618 Fibonacci extension or $0.086. The altcoin has risen to a high of $0.068 due to market activity, and further growth is expected.<\/p>\n

Dogecoin indicator reading <\/h2>\n

The price bars have broken through the moving average lines and have reached higher highs and higher lows. In addition, the moving average lines have formed a bullish crossover, with the 21-day SMA above the 50-day SMA, indicating that the cryptocurrency will continue to rise. The DOGE price is capped between the moving average lines in the lower time frame, causing the altcoin to fluctuate.<\/p>\n

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Technical indicators <\/h3>\n

Key resistance levels \u2013 $0.12 and $0.14 <\/b><\/p>\n

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Key support levels \u2013 $0.06 and $0.04<\/b><\/p>\n

What is the next direction for Dogecoin? <\/h2>\n

The DOGE\/USD exchange rate is rising, but was pushed off at the high of $0.074. The cryptocurrency has returned to the area between the moving average lines. If the bulls break the 21-day SMA, the altcoin will regain its bullish momentum. On the downside, the cryptocurrency will crash if the bears break below the 50-day simple moving average.<\/p>\n

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As we reported on October 23, the upward momentum has broken through the moving average lines but has stalled at the simple moving average of the 50-day line. DOGE is currently trading above the 21-day line SMA, but below the 50-day line SMA. <\/p>\n

Disclaimer.<\/b> This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.<\/span><\/i><\/p>\n

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