The Dogecoin price seems slightly stuck in a rut as it continues to hover between the $0.20 and $0.21 range. After having reached the $0.22 level on 26 July, the price sank slightly by around 11% to the $0.20 level on 2 July and has been moving around there ever since. The boost in Doge’s price came from the general positivity around the crypto market of late. It seems that Elon Musk’s tweets do not have that much effect anymore as the dog themed cryptocurrency was largely muted just after his latest announcement. If you haven’t bought some Doge yet, you can have a look at this How To Buy Dogecoin Beginner’s Guide. Short Term Forecast For Dogecoin Price: Little Movement Expected Get FREE Crypto Signals Now! The Dogecoin price seems to be moving around in a very tight price range and that doesn’t seem likely to change much for now. At present, DOGE is trading at the $0.2066 level and is well supported at this price. There is a slight bullish sentiment in Doge which suggests that the price might top the $0.21 mark with a short surge. A bearish thesis would invalidate this however, and the price may continue to sink below the $0.20 mark if selling pressure enters the market. There does not seem to be much momentum in the Dogecoin price with the breakout since the July 21 low appearing rather limited. At present, DOGE does not seem to be positioned for any higher prices and actually could be ready for further declines. There appears to be considerable indecision among Dogecoin investors as the asset behaves just like a meme coin does. This uncertainty leaves DOGE vulnerable to selling pressure with a corresponding dip in its price. If you haven’t bought some cryptocurrency yet, then it would be useful to check out these Best Cryptocurrency Brokers. Long Term Price Forecast For DOGE: Needs A Daily Close Above The SMA For Price Rise At present, the Dogecoin price seems unable to register a daily close which is above the midline of the new ascending parallel channel. This indicates that there is an underlying reluctance which is not backed up by any real strength for the long-term strength of DOGE. It seems that investors have not targeted the July 21 breakout as an entry price. So, there is a sense of uncertainty amongst investors as a whole to time their correct entry point. The lack of conviction surrounding Dogecoin means that judicious investors who are expecting large returns should wait for a daily price that closes above the 50-day SMA of $0.238 before jumping in. Looking to buy or trade Dogecoin now? Invest at eToro! Buy DOGE Now Capital at risk Gerald Fenech Gerald Fenech Freelance journalist and writer with over ten years experience in forex and fintech writing. Specializes in crypto and blockchain View All Post By Gerald Fenech Crypto News share Read Next MANA Price Forecast: Time To Buy Decentraland Before The Next Surge? Gerald Fenech 1 year The Dogecoin price seems slightly stuck in a rut as it continues to hover between the $0.20 and $0.21 range. After having reached the $0.22 level on 26 July, the price sank slightly by around 11% to the $0.20 level on 2 July and has been moving around there ever since. The boost in Doge's price came from the general positivity around the crypto market of late. It seems that Elon Musk's tweets do not have that much effect anymore as the dog themed cryptocurrency was largely muted just after his latest announcement. If you haven't bought some Doge yet,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.