The Dogecoin price prediction shows that DOGE is changing hands at $0.116 as the technical indicator moves above 60-level.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.116
- Dogecoin market cap – $15.5 billion
- Dogecoin circulating supply – 132.6 million
- Dogecoin total supply – 132.6 million
- Dogecoin Coinmarketcap ranking – #8
Resistance levels: $0.170, $0.180, $0.190
Support levels: $0.070, $0.060, $0.050
DOGE/USD took several bad hits as the coin fell through multiple support levels in the last few days, eventually hitting a low of about $0.112. Since then, Dogecoin has been working on its recovery. At the time of writing, the Dogecoin price is hovering at $0.116, with 1.83% in the green. Furthermore, DOGE/USD was trapped in an incredibly narrow trading range; the bullish rally could play out.
Dogecoin Price Prediction: DOGE May Head to the Upside
However, the Dogecoin price is yet to clear the hurdles above the 9-day moving average. Instead, the bears are trying to force their way back toward the 21-day moving average. Therefore, a break below the $0.100 support level may provoke an even deeper decline toward the $0.070, $0.060, and $0.050 support levels. Looking at the Relative Strength Index (14), Dogecoin may exhibit the tendencies to follow the upward trend as the signal line may cross above the 70-level.
Moreover, if the bulls can gather enough strength and push the market above the 9-day moving average within the channel, then the price may likely hit the resistance levels of $0.170, $0.180, and $0.190 respectively. So, further movement above these key resistance levels should, therefore, encourage more buying.
Meanwhile, when compares with Bitcoin, the Dogecoin price is attempting to cross above the 9-day moving average in other to reach the resistance at 700 SAT. Unless this resistance is effectively exceeded and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.