DOGE, the popular cryptocurrency, has been experiencing a period of stagnation in recent days. Despite attempts by buyers to push the price above the 21-day SMA, they have been unsuccessful. This has led to a bearish outlook for the long-term price of DOGE.

On December 26, the bears managed to push the price above the 50-day simple moving average, but the bulls quickly bought the dips. However, the bears now seem to have the upper hand, causing DOGE to fall. The cryptocurrency is expected to test the support of the 50-day simple moving average and potentially drop to the Fibonacci extension of $1.618 or the low of $0.075.

Technical indicators suggest that if the moving average lines are broken, DOGE will develop a trend, with selling pressure intensifying if the price falls below these lines. Key resistance levels for DOGE are at $0.12 and $0.14, while key support levels are at $0.06 and $0.04.

Currently, DOGE is moving sideways on the 4-hour chart, fluctuating between $0.086 and $0.097. The price action is characterized by doji candlesticks, which indicate indecision and restrict price movement.

It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.