Dogecoin Price Prediction for Today, December 7 – DOGE Technical Analysis

The Dogecoin price prediction shows that DOGE is currently making another attempt at breaking out above the $0.094 resistance level.

Dogecoin Prediction Statistic Data:

• Dogecoin price now: $0.098
• Dogecoin market cap: $13.6 billion
• Dogecoin circulating supply: $142.1 billion
• Dogecoin total supply: $142.1 billion
• DOGE/USD coin market ranking: #9

DOGE/USD Market

Key Levels:

Resistance levels: $0.120, $0.122, $0.124

Support levels: $0.084, $0.082, $0.080

DOGE/USD bulls were rejected around the $0.106 level as the coin relapsed to the downside. However, the Dogecoin price is hovering above the 9-day and 21-day moving averages and it’s likely to push the coin above the upper boundary of the channel. Moreover, the 9-day MA remains above the 21-day MA, indicating that the market sentiment is likely to be bullish.

Dogecoin Price Prediction: DOGE Price May Follow the Uptrend

The Dogecoin price is changing hands at $0.098 where it faces up. If the DOGE/USD breaks the $0.100 level, the coin may continue its upward movement to retest the previous high of $0.106. Therefore, the nearest resistance levels are located at $0.120, $0.122, and $0.124. On the contrary, if the coin slides toward the lower boundary of the channel, it could reach the support levels at $0.084, $0.082, and $0.080 respectively.

DOGE/BTC Could Spike Toward the Upside

Against Bitcoin, the Dogecoin price has been moving in the same direction above the 9-day and 21-day moving averages as the bulls may begin to push the coin to the positive side. On the downside, if the market price crosses below the lower boundary of the channel, the next support level may come at 200 SAT and then locate further key support at 185 SAT and below if the sell-off later becomes huge.

However, on the upside, if the bulls push the price above the resistance level of 245 SAT; Dogecoin could face the 250 SAT. Any other resistance level lies at 330 SAT and above while the 9-day MA remains above the 21-day MA to continue the bullish movement. On the other hand, if it moves the lower boundary of the channel, it may bring bearish pressure into the market.

Dogecoin Alternatives

The Dogecoin price is still keeping the upward movement as its price moves to the north with a gain of over 4.35%. At the time of writing, the Dogecoin price is likely to cross and stay above the upper boundary of the channel to touch the resistance level of $0.110, but it could be supported by the downside at $0.090, within tight conditions.

However, Bitcoin Minetrix steals the spotlight with its inventive cloud mining solution and an unexpectedly triumphant presale. As Dogecoin (DOGE) charts an upward trajectory, all eyes shift to Bitcoin Minetrix, envisioning its potential ascent to prominence in the cryptocurrency arena. Notably, the token has exceeded expectations, amassing a remarkable $4.9 million during its presale phase.