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The Dogecoin price prediction shows that DOGE may cross above the moving averages as the coin benefits from the buying pressure.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.089
- Dogecoin market cap – $12 billion
- Dogecoin circulating supply – 132.6 million
- Dogecoin total supply – 132.6 billion
- Dogecoin Coinmarketcap ranking – #9
DOGE/USD Market
Key Levels:
Resistance levels: $0.150, $0.160, $0.170
Support levels: $0.030, $0.020, $0.010
DOGE/USD is trading near the 21-day moving average to hit the resistance level of $0.093. The coin may continue to rise if the price crosses above the 9-day and 21-day moving averages. Meanwhile, Dogecoin could end this week on a better note, as the price could move towards the upper boundary of the channel. Meanwhile, the current performance of Dogecoin is gradual and may inspire move bullish movements.
Dogecoin Price Prediction: DOGE Price May Shoot to the North
At the time of writing, the Dogecoin price faces the upside as the coin moves to cross into the positive side. However, the technical indicator Relative Strength Index (14) is likely to cross above the 50-level, and there is a higher probability that DOGE may find resistance at $0.150, $0.160, and $0.170, but crossing below the lower boundary of the channel may locate the support levels at $0.030, $0.020, and $0.010 respectively.
Against Bitcoin, the Dogecoin price is moving to cross above the 9-day moving average as the bulls push the coin toward the upper boundary of the channel today. However, if the Dogecoin price crosses above the 9-day moving average, the 700 SAT could provide an additional resistance level for the next buying pressure as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
According to the daily chart, after touching the resistance level of 532 SAT, the DOGE price retreats a little below the daily high but still keeps the price above the 21-day moving average. Now, if the traders retreat and cross below the lower boundary of the channel, the coin could touch the support level of 250 SAT and below. However, if the current level can act as a solid line of defense against any further downtrend; the resistance level of 800 SAT and above may come into focus.
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