The Dogecoin price prediction shows that DOGE could move sideways as the bulls still want to defend the support at $0.125.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.129
- Dogecoin market cap – $17.1 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
The intraday movement has been impressive in the last few days, if DOGE/USD bulls could improve more in the last hours of the day, the intraday traders can expect a more positive close. Presently, the main cryptocurrencies are slightly under market pressure as traders hope for improvement, but it could take some time.
Dogecoin Price Prediction: DOGE Price May Spike Higher
According to the daily chart, the Dogecoin price is currently displaying a sign of subduing volatility with the price heading toward the upper boundary of the channel. However, we can see that the trading volume is coming up slowly. Moreover, the intraday movement of the coin could follow the sideways direction but the 9-day moving average still remains above the 21-day moving average.
However, trading at $0.129, more rebounds might occur. If the bulls put more effort one more time, they could push the Dogecoin price above the upper boundary of the channel. The potential resistance levels are located at $0.200, $0.220, and $0.240 while the supports lie at $0.100, $0.080, and $0.060 respectively. More so, the technical indicator Relative Strength Index (14) is seen moving in the same direction within the overbought region, suggesting a sideways movement.
Against Bitcoin, the Dogecoin price is moving up slowly above the 9-day and 21-day moving averages. Bears continue to dance to the tune of bulls and are currently trading at the 640 SAT level. However, if the price crosses above the upper boundary of the channel, it could hit the nearest resistance at 700 SAT, but further resistance could be found at 900 SAT and above in a subsequent move.
In other words, a downward movement below the 9-day and 21-day moving averages could find immediate support at 600 SAT, If the coin slide below this level, critical support lies at 500 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is within the overbought region and as it stands now, the market could move sideways.
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