Home
News
- 1 Dogecoin price prediction showcases the consolidation phase of DOGE crypto over the daily time frame chart.
- 2 DOGE crypto has recovered till the 20 and 50-EMA to surge towards the 100 and 200-days Daily Moving Average.
- 3 The pair of DASH/BTC was at 0.000002205 BTC with an intraday drop of 0.81%.
Dogecoin price prediction indicates DOGE crypto is sideways in the horizontal range-bound area over the daily time frame chart. DOGE crypto needs to surge towards the upper trendline to register its breakout from the consolidation phase. DOGE cryptocurrency must accumulate buyers in order to gain the uptrend momentum and initiate its recovery phase. Investors in DOGE cryptocurrency need to wait until the crypto price reaches the upper trendline.
Dogecoin price was at $0.06826 and has lost 0.29% of its market capitalization during the day’s trading session. Trading volume has decreased by 10.30% during the intraday trading session. This demonstrates sellers are trying to pull DOGE crypto prices towards the lower trendline of the consolidation phase. Volume to market cap ratio was at 0.031.
Dogecoin Price Prediction: DOGE Breakout or a Breakdown?
Dogecoin price prediction showcases the fluctuation of DOGE price inside the horizontal range-bound area over the daily time frame chart. DOGE price must attract buyers in order to revert the trend of DOGE price. Meanwhile, DOGE crypto has recovered till the 20 and 50-EMA to surge towards the 100 and 200-days Daily Moving Average.
Dogecoin price has gained 5.34% in a week and has lost 6.20% in a month. This indicates sellers are trying to pull DOGE towards the lower trendline of the consolidation phase.
Technical indicators suggest the consolidation phase of DOGE crypto. Relative strength index showcases the sideways momentum of DOGE. RSI was at 55 and is flat above neutrality.
MACD is trying to remain above the signal line and is crossing zero to enter the positive zone. Investors in Dogecoin price need to wait for any directional change over the daily time frame chart.
Summary
Dogecoin price prediction indicates DOGE crypto is sideways in the horizontal range-bound area over the daily time frame chart. DOGE price must attract buyers in order to revert the trend of DOGE price. Technical indicators suggest the consolidation phase of DOGE crypto. Investors in Dogecoin price need to wait for any directional change over the daily time frame chart.
Technical Levels
Support Levels: $0.06650 and $0.06559
Resistance Levels: $0.07133 and $0.075
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 or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
