• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Opinion / Market Analysis / Dogecoin price forecast: The market ranges as DOGE eyes lower price range
Dogecoin

Dogecoin price forecast: The market ranges as DOGE eyes lower price range

August 14, 2019 by Azeez Mustapha

Key Highlights

  • DOGE/USD pair ranges as price falls to the horizontal line
  • The coin is currently facing resistance at the $0.003 price level
  • If the DogeCoin falls to the low of $0.0025 or $0.0026, the cryptocurrency’s price will resume its upward move

DOGE Current Statistics

The current price:  $0.00275
Market Capitalization: $338,969,608
Trading Volume: $31,000,125
Major supply zones: $0.004,$0.0045, $0.005
Major demand zones: $0.002, $0.0015, $0.001

Dogecoin Price Analysis August 14, 2019

The Dogecoin price is in a range bound move but it is currently facing resistance at the $0.003 price level. On July 16, the market fell to a low of $0.0027 and began trading below the $0.003 price level.

On the positive side, if the bulls break above the $0.003 price level, DOGE price would rise and retest the upper price range of $0.0035. However, if the bulls can’t manage to break the $0.003 price level, the crypto’s price will fall and retest the lower price range.

DOGEUSD-Daily Chart August 14, 2019 Tron Weekly

Chart Indicators Reading

The Relative Strength Index period 14 is level 45 which indicates that price is in a sideways trend. The buyers and sellers are undecided about the direction of the current price level.

Both the 12-day and 26-day EMA are fluctuating horizontally indicating that price is in a range bound move.

The upper and lower horizontal lines had not been tested and broken. In July, the bulls attempted and broke the upper price range but the bulls failed to keep the price above the horizontal line. The lower horizontal line had not been tested since April.

General Outlook for DOGEUSD

The Dogecoin price’s range-bound movement is likely to continue because of the signals of the indicators. The Exponential Moving Averages (EMAs) are trending horizontally suggesting that price is in a sideways trend.

The RSI (Relative Strength Index) period 14 is level 45 which is between the range-bound zone of 40 and 60 of the indicator reading. Taking into account the DogeCoin’s price action, the market had been fluctuating between the levels of $0.0025 and $0.0030 since July 16.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Market Analysis Tagged With: Altcoins, Dogecoin (DOGE)

Primary Sidebar

Recent Posts

  • XRP Soars To New Heights Igniting Investors’ Hope March 23, 2023
  • Shiba Inu Gains Major Exposure With This Listing March 23, 2023
  • SushiDAO Proposes $3M Legal Defense Fund Amid SEC Subpoena March 23, 2023
  • Coinbase Receives SEC Wells Notice; Calls For Clarity In Regulatory Environment March 23, 2023
  • Polygon Set To Onboard Nexon’s New Web3 Game March 23, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.