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DOGE/USD price action has been able to defeat a long-standing upside barrier. From the looks of price action, we may assume that some strength is beginning to return to this market. This price analysis will include the DOGE/BTC market as well, for the benefit of Traders in this market.
Dogecoin Analysis Statistics Data:
DOGE value now: $0.0691
Dogecoin market cap: $9.27 billion
DOGE moving supply: 132.67 billion
The Total supply of Dogecoin: is 132.67 billion
DOGE Coinmarketcap ranking: #10
Major Price Levels:
Top Levels: $0.0691, $0.0700, $0.0720
Base Levels: $0.0680, $0.0650, $0.0630
Dogecoin Price Prediction Today, October 27, 2022: DOGE/USD Price Boosts Upwards
Price action in the DOGE/USD via just two price candles burst through a long-term resistance of $0.0645. Additionally, the price candle has now passed above the Smooth Moving Average line, and this reveals that price action may sustain the uptrend. Also, the RSI is now significantly in the overbought region. Although, a minor correction can be noticed on the RSI leading line towards the lagging one as if to indicate an upcoming bearish crossover. Nevertheless, since price action is now above the MA line it is more possible that the bullish trend will continue. Eventually, Dogecoin’s price action may rise towards and above the $0.0720 price level.
Doge Price Prediction Today, October 27, 2022: DOGE/BTC Welcomes Upside Market Move
The DOGE/BTC market has also received its fair share of the upward price forces. Consequently, this has caused the Fibonacci retracement level of 50% to be broken to the upside. Nevertheless, it will be too early to call this retracement level a successful one since it is yet to find support at this level. However, since price action remains above the MA, it’s okay to expect price to move further upward such that a support will be obtained here or beyond. Furthermore, the RSI curve maintains its upward direction after its bullish crossover, as both curves stay above the 50% level. Going by this, price action may rise upwards towards the 0.00000323 value level.
As the first part of the IMPT token presale has started, with a token valued at $0.018, by the second phase each IMPT token is expected to value at $0.023. And, by the commencement of the third phase, this token will increase further in worth.
Dash 2 Trade had a nice take-off, also it has raised beyond $2 million within days of the presale. While the first presale was on this token worth $ 0.0476. Now the token is worth $0.0500, and by the third part, this token worth may increase to $0.0513.
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