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- The price of Dogecoin increased by about 14% in the past 24 hours, thus reaching a market cap of $9.05 billion.
- Buyers successfully managed Dogecoin price above 20,50 and the 100 day moving average on the daily price chart.
- Dogecoin price prediction shows a sustained upward trend towards the 200-day SMA.
The world famous memecoin-Dogecoin crypto market is making its way into the list of positive altcoins. The digital asset found its way to esports recovering its lost value two weeks ago. There is a tough competition between Dogecoin and Shiba Inu to become the world’s best Memecoin in the crypto market.
The bulls turned aggressive near the demand zone, so after a slow consolidation phase, the Dogecoin price saw a sharp jump in recent days. As a result, buyers recovered around 16.5 per cent from yesterday’s low to today’s high. This profit could influence buyers to make long in the crypto until the price revisits its previous swing high of $0.0892 mark.
In intraday trading session, Dogecoin price gained nearly 8.23% so far, resulting in, crypto value breached the $0.067 resistance zone after a long struggle. As of now, bulls need to close today’s price candle above this resistance. If buyers get success in price accumulating then this level may act as immediate support.
At the time of writing, the Dogecoin price against the USDT pair is trading at $0.0681 mark. Altcoin seems in recovery mode, thus, price spiked 14% in the last 24 hours, and market cap reached $9.05 Billion as per CMC. Notably, Buyers successfully manage Dogecoin prices above 20,50 and 100 day moving averages over daily price charts. Dogecoin price prediction shows continuous uptrend until the 200 day moving average.
Over the daily price chart, RSI reached the door of the extreme overbought zone. It shows a strong bullish trend for Dogecoin. As well as, MACD is about to enter a positive region along with higher-highs histograms.
Conclusion
The Dogecoin price prediction says more uptrend in values until price reaches a 200 day moving average. Traditional indicators like RSI and MACD support bulls. But bulls need to close today’s price candle above this resistance level.
Support level – $0.060 and $0.050
Resistance level – $0.070 and $0.090
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
