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The Dogecoin price prediction could set a bullish run if the buyers can push the coin above the resistance level of $0.065.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.063
- Dogecoin market cap – $8.3 billion
- Dogecoin circulating supply – 132.6 billion
- Dogecoin total supply – 132.6 billion
- Dogecoin Coinmarketcap ranking – #10
DOGE/USD Market
Key Levels:
Resistance levels: $0.09, $0.08, $0.07
Support levels: $0.04, $0.03, $0.02
DOGE/USD is running a little retracement move above $0.062 with price growth of 1.55%. For the fact that the coin is recording some gain, the Dogecoin price may follow a sideways movement within the channel if the coin crosses above the upper boundary of the channel. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.
Dogecoin Price Prediction: DOGE/USD May Move Upside
The Dogecoin price is on its way above the 9-day and 21-day moving averages at around $0.063. If the price continues to create a bullish movement, traders can then expect a bullish continuation towards the upside. Meanwhile, as the technical indicator Relative Strength Index (14) faces the 50-level, the possible resistance levels could be found at $0.09, $0.08, and $0.07 in the long term.
However, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the Dogecoin price is trying to create a bullish movement in the short term. On the contrary, any bearish movement below the moving averages could roll the coin back to the long-term support at $0.04, $0.03, and $0.02 levels.
Against Bitcoin, the Dogecoin price is hovering below the 9-day and 21-day moving averages. According to the daily chart, there is a need for an increasing volume and resistance to cause an upsurge in the market so that the coin can cross above the upper boundary of the channel. At the moment, Dogecoin (DOGE) is trading around 302 SAT, traders can expect close support at 250 SAT and below.
In the other words, if a bullish move pushes the price across the channel; traders can then confirm a bull run for the coin, and the closest resistance could be located at 380 SAT and above. The technical indicator Relative Strength Index (14) moves to cross below the 40-level, suggesting a bearish movement.
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