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- 1 The price of Doge is currently trading near $0.0642 with an appreciation of 42.41% in the 24-hour trading volume.
- 2 Doge price is down by 0.07% over the last 7 days.
Doge price prediction suggests that investors are currently under the bear’s influence. DOGE recently made an attempt to make a positive recovery after gaining support from buyers near its $0.07000 price point. But selling pressure from the bears rendered the buyers’ attempt futile. The price action of the Doge token suggests that bears may remain in control of the market trend in the near future which can cause the Doge token to decline further.
According to the technical indicators, the price is trading firmly under the bear’s control. The price of the Doge token is estimated to see a further decline in its value after breaking below the trendline on the daily chart. DOGE price recently retested the trend line, but the price could not find buyers above falling immediately.
Doge Price Prediction: Technical Analysis on Daily Chart
The price action suggests that Doge price may make a bearish correction shortly. DOGE token recently saw a decline in its value after taking a rejection from the 100 EMA. If the price does not get the buyers’ support from the recent support level, it can see a decline of more than 10% in the near future.
The current RSI value of the Doge token is 59.28 points. The RSI line is presently taking support from the 14 SMA levels around 43.32 points.
Technical Analysis on Daily Chart Doge/BTC
The Doge/BTC pair is giving more subtle movements than the DOGE/USDT pair which suggests that there is less trading activity in the price action. The DOGE/BTC price recently gave a negative breakdown to the consolidation channel.
The Doge/BTC price is presently moving below key EMA levels on the daily chart. The Doge price can make a short rally before taking a reversal according to the historical price action.
The oscillators move near the demand zone. The RSI line and stochastic RSI may soon take a positive reversal.
Conclusion
According to the analysis, Doge price prediction is presenting an ominous picture regarding future trends. The price action indicates that investors currently are under the bear’s influence on the daily timeframe.
Technical Levels:
Support – $0.058
Resistance – $0.065
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
