Dogecoin (DOGEUSD) Price to Bounce up to Level $0.150

Dogecoin (DOGEUSD) Price Forecast: April 19
DOGEUSD holds a recovery opportunity with a bullish reversal pattern. The coin may likely bounce up to the $0.15 supply level as it faces the upper channel. The potential breakout from the immediate resistance of $0.094 will give additional confirmation for a bullish recovery if the bulls could increase their efforts in the market.

Key Levels:
Resistance Levels: $0.100, $0.110, $0.120
Support Levels: $0.080, $0.070, $0.060

DOGE (USD) Long-term Trend: Bullish (Daily Chart)
The Long-term market value of Dogecoin is moving in a bullish direction. During yesterday’s session, the pair reached and held the $0.091 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.

Today’s daily bullish candle at $0.094 supply value above the moving averages confirms the bulls’ dominance in the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.

Additionally, the price of DOGEUSD might increase further if the bulls could push harder, if this is achieved, the price might possibly bounce up to the $0.150 resistance level in the nearby days and beyond in its higher time frame.

DOGE (USD) Medium-term Trend: Bullish (4H Chart)
The coin is also displaying a bullish posture in its medium-term outlook. This is due to the high inflow from the long traders.

The increase in the momentum by the bulls at the $0.091 supply value during yesterday’s session has enabled the Dogecoin price to stay strong above the resistance lines.

The market price of DOGEUSD has just broken up the EMA-50 at the $0.090 supply level as the 4-hourly chart opens today. This will give the crypto a high tendency to rise further.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.103 previous high, the resulting rally may surpass the $0.104 level and hit the $0.150 psychological level at the upside in the day ahead in its medium-term perspective.

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