The Dogecoin price prediction has been showing an amazing intraday hike as it rises from the low of $0.127 to currently trading above $0.133.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.133
- Dogecoin market cap – $17.51 billion
- Dogecoin circulating supply – 132.6 million
- Dogecoin total supply – 132.6 million
- Dogecoin Coinmarketcap ranking – #8
Resistance levels: $0.200, $0.220, $0.240
Support levels: $0.100, $0.080, $0.060
DOGE/USD is pushing the market price above the 9-day and 21-day moving averages. More so, the coin is hovering above $0.130 to trade at $0.133 at the time of writing. However, the Dogecoin price is seen gathering bullish momentum after a sustainable break above an important technical level.
Dogecoin Price Prediction: Where is DOGE Price Going Next?
On the upside, if the Dogecoin price crosses above the upper boundary of the channel, the price may touch the nearest resistance at $0.150. Meanwhile, the technical indicator shows that the bulls are still in action especially when the technical indicator Relative Strength Index (14) remains within the overbought region. Any further bullish movement above the channel could pave the way to the resistance levels of $0.200, $0.220, and 0.240.
Meanwhile, if the price falls below the 9-day MA, the market may be compelled either to a range-bound or begin a downward movement. If this happens, it may likely serve as a major blow to the market sentiments as traders could interpret it as a sign of underlying weakness. The nearest support may come at $0.120, which may be followed by $0.100, $0.080, and $0.060 support levels.
When compares with Bitcoin, Dogecoin (DOGE) is hovering at the 644 SAT level. Meanwhile, as the price drops, sellers could prepare the coin for the upside as they could pose an additional threat to buyers, which can reach the nearest support level of 550 SAT, where the closest target is located. However, a possible break under the current market value at 644 SAT may cause the coin to collapse.
Therefore, for an upward movement, 900 SAT and above is the main resistance level, and a negative peak could retest the major support at 500 SAT and below. Nevertheless, the Relative Strength Index (14) is moving within the overbought region, allowing new buyers to come into the market.
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