Dogecoin ends the trading week at 0.1356 and continues to move as part of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a small fall in the value of the digital asset and test the support area near the level of 0.1165. From where a rebound is expected again and an attempt to continue the growth of the Dogecoin cryptocurrency with a potential target above the level of 0.2145.
Dogecoin Weekly Forecast March 28 — April 1, 2022
An additional signal in favor of the growth of DOGE/USD quotes in the current trading week of March 28 — April 1, 2022 will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the support area on the price chart. Cancellation of the growth option for the Dogecoin cryptocurrency in the next trading week will be a fall and a breakdown of the 0.0925 area. This will indicate a breakdown of the support area and a continued fall in DOGE/USD quotes with a target below the level of 0.0505. The rise of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.1655.
Dogecoin Weekly Forecast March 28 — April 1, 2022 suggests an attempt to test the support area near the level of 0.1165. Then continued growth to the area above the level of 0.2145. An additional signal in favor of the growth of Dogecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the 0.0925 area. This will indicate a continued decline in the cryptocurrency with a target below the level of 0.0505.
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