The Dogecoin price prediction shows that DOGE could move sideways as the bulls still want to defend the support at $0.125.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.129
- Dogecoin market cap – $17.1 billion
- Dogecoin circulating supply – 132.6 million
- Dogecoin total supply – 132.6 million
- Dogecoin Coinmarketcap ranking – #8
Resistance levels: $0.200, $0.220, $0.240
Support levels: $0.100, $0.080, $0.060
The Dogecoin price intraday movement has been impressive in the last few days.
If DOGE/USD bulls can pick up the pace in the next few hours, intraday traders can expect a more positive close.
Dogecoin Price Prediction: DOGE Price May Spike Higher
According to the daily chart, the Dogecoin price is currently seeing subdued volatility, with the price heading toward the upper boundary of the channel. However, we can see that the trading volume is coming up slowly.
Moreover, the intraday movement of the coin could take a sideways tilt, but the 9-day moving average still remains above the 21-day moving average.
However, trading at $0.129, more rebounds might occur. If the bulls put in more effort they could push the Dogecoin price above the upper boundary of the channel.
The potential resistance levels are located at $0.200, $0.220, and $0.240, while the supports lies at $0.100, $0.080, and $0.060, respectively.
In addition, the technical indicator Relative Strength Index (14) is seen moving in the same direction within the overbought region, suggesting a sideways movement.
Against Bitcoin, the Dogecoin price is moving up slowly above the 9-day and 21-day moving averages. Bears continue to dance to the tune of the bulls and are currently trading at the 640 SAT level.
However, if the price crosses above the upper boundary of the channel, it could hit the nearest resistance at 700 SAT, but further resistance might be found at 900 SAT and above in a subsequent move.
In other words, a downward movement below the 9-day and 21-day moving averages could find immediate support at 600 SAT.
If the coin slides below this level, critical support is at 500 SAT and below. Meanwhile, the Relative Strength Index (14) is within the overbought region and as it stands now, the market could move sideways.
Souring on Dogecoin Price? Then Try These Three Coins Instead
Dogecoin’s fate is very much tied up with the persona and actions of Elon Musk. If you don’t like that kind of risk you might do well to consider two presale coins to give your returns that 10x lift.
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Tamadoge will be launching a AR app on mobile next year but in the meantime the P2E and battling leaderboards will be launching soon.
Join the Green revolution with IMPT
An eco-friendly coin called IMPT is in presale right now and has raised over $12 million in a month. IMPT revolutionizes the concept of carbon credit by incentivizing consumers and businesses to offset their carbon using its affiliate shopping program.
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For both coins you will need ETH and USDT to invest.
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