DOGE Trades Below $0.080 Support

The Dogecoin price prediction shows that DOGE remains at the downside, and the coin is likely to dip below the channel.

Dogecoin Prediction Statistics Data:

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  • Dogecoin price now – $0.08
  • Dogecoin market cap – $10.7 billion
  • Dogecoin circulating supply – 132.6 billion
  • Dogecoin total supply – 132.6 billion
  • Dogecoin Coinmarketcap ranking – #10


Key Levels:

Resistance levels: $0.11, $0.12, $0.13

Support levels: $0.05, $0.04, $0.03

DOGE/USD is moving sideways as the coin remains below the 9-day and 21-day moving averages. Currently, the coin is trading at $0.08, and it is likely to create more downside as revealed by the technical indicators. However, the Doge price may head towards the lower boundary of the channel if the bears put more pressure.

Dogecoin Price Prediction: DOGE/USD May Consolidate Within the Moving Average

At the time of writing, the Dogecoin price is heading to the downside, and a move below the lower boundary of the channel; may increase the short-term selling pressure, which could hit the next supports at $0.05, $0.04, and $0.03. On the other hand, any bullish movement above the 9-day and 21-day moving averages could push the coin towards the resistance levels of $0.11, $0.12, and $0.13.

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Moreover, the Dogecoin could start a new bullish session, but the session may not last long as the 9-day moving average remains below the 21-day moving average. So, it is important to note that the next support level may come at $0.06 as other indicators like the Relative Strength Index (14) and the Moving Averages (MA) confirms the next direction that the coin may follow.

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DOGE/BTC Market: Price May Continue to Move Sideways

Compared with Bitcoin, the market price remains within the channel, trading at 271 SAT below the 9-day and 21-day moving averages. Looking at the daily chart, if the coin can break above the moving averages, the bulls may end up dominating the market.

DOGEBTC – Daily Chart

However, if the market drops below the lower boundary of the channel, the next key support may come at 230 SAT and below. On the bullish side, a possible rise towards the upper boundary of the channel could hit the resistance level of 320 SAT and above. According to the technical indicator Relative Strength Index (14), the market may continue to move sideways as the signal line moves below the 40-level.

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