The Dogecoin price prediction could set a bullish run if the market can keep the coin above the resistance level of $0.068.
Dogecoin Prediction Statistics Data:
Track live crypto price of 10000+ coins!
- Dogecoin price now – $0.066
- Dogecoin market cap – $8.8 billion
- Dogecoin circulating supply – 132.6 billion
- Dogecoin total supply – 132.6 billion
- Dogecoin Coinmarketcap ranking – #10
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.04, $0.03, $0.02
DOGE/USD is running a little retracement move above $0.065 with a price growth of 4.61%. For the fact that the coin is recording some gain, the Dogecoin price may follow a sideways movement within the channel if the coin crosses above the 21-day moving average. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.
Dogecoin Price Prediction: DOGE/USD May Move Upside
The Dogecoin price is on its way above the 21-day moving average at around $0.066. If the price continues to create a bullish movement, traders can then expect a bullish continuation towards the upside. Meanwhile, as the technical indicator Relative Strength Index (14) faces the 50-level, the possible resistance levels could be found at $0.10, $0.11, and $0.12 in the long term.
However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Dogecoin price is trying to create a bullish movement in the short term. On the contrary, any bearish movement below the 9-day moving average could roll the coin back to the long-term support at $0.04, $0.03, and $0.02 levels.
Against Bitcoin, the Dogecoin price is likely to cross above the upper boundary of the channel as the coin keeps trading above the 9-day and 21-day moving averages. With the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Dogecoin (DOGE) is trading around the 317 SAT. On the contrary, traders can expect close support at 270 SAT and below.
However, if a bullish move pushes the price across the channel; traders can then confirm a bull run for the coin. Moreover, the closest resistance could be located at 370 SAT and above as the technical indicator Relative Strength Index (14) moves to cross above the 70-level, suggesting bullish movement.
eToro – Our Recommended Trading Platform
- CySEC, FCA & ASIC regulated – Trusted by Millions of Users
- Trade Crypto, Forex, Commodities, Stocks, Forex, ETFs
- Free Demo Account
- Deposit via Debit or Credit card, Bank wire, Paypal, Skrill, Neteller
- Copytrade Winning Traders – 83.7% Average Yearly Profit
68% of retail investor accounts lose money when trading CFDs with this provider.
Download MAXBIT Android App, Your best source of all crypto news!
Share this article: