Dogecoin Price Prediction for Today, January 31: DOGE/USD Needs to Climb Above $0.100 Level

The Dogecoin price prediction is currently making another attempt at breaking out above the $0.100 resistance level.

Dogecoin Prediction Statistics Data:

• Dogecoin price now – $0.093
• Dogecoin market cap – $12.4 billion
• Dogecoin circulating supply – 132.6 billion
• Dogecoin total supply – 132.6 billion
• Dogecoin Coinmarketcap ranking – #9

DOGE/USD Market

Key Levels:

Resistance levels: $0.120, $0.130, $0.140

Support levels: $0.070, $0.060, $0.050

DOGE/USD bulls were rejected around the $0.095 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 resistance level of $0.100 if the bulls increase the pressure. Moreover, the technical indicator Relative Strength Index (14) indicates bullish movement as the signal line moves to the north, 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 $0.093 where it faces up. However, if the DOGE/USD breaks the $0.100 level, the coin may continue its upward movement to the resistance level of $0.110. Therefore, the potential resistance levels are located at $0.120, $0.130, and $0.140. On the contrary, if the coin decides to cross below the 9-day and 21-day moving averages, it may reach the support levels at $0.070, $0.060, and $0.070 respectively giving a fade bullish trading volume.

Against Bitcoin, the Dogecoin price has been moving bearishly but now crosses 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 350 SAT and then locate further key support at 300 SAT and below if the sell-off later becomes huge.

However, on the upside, if the bulls push the price back above the resistance level of 450 SAT; Dogecoin could face 470 SAT. Any other resistance level lies at 500 SAT and above while the signal line of the Relative Strength Index (14) move to cross above the 50-level to continue the bullish movement.

Dogecoin Alternatives

The Dogecoin price trades near the resistance level of $0.100 and the bulls need to increase the buying pressure so that the coin can hit the higher resistance levels. Nonetheless, due to its high rates of return on investment, the Meta Masters Guild (MEMAG) token benefits traders. This token is this year’s Play-to-Earn guild with the fastest growth. As a result, it will be Web3’s largest mobile gaming guild. It is possible to develop games that are entertaining and intriguing and work with NFTs. And there, community members receive rewards for their investments and speculation. There has already been close to $2.5 million raised during the MEMAG presale.