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- 1 Dogecoin price prediction showcases that DOGE crypto is trying to maintain the recovery inside pattern.
- 2 DOGE crypto is trading above 20, 50, 100 and 200-days daily moving averages.
- 3 The pair of DOGE/BTC was at 0.000002655 BTC with an intraday gain of 1.11%.
Dogecoin price prediction suggests the upward momentum inside an interesting parallel channel over the daily time frame chart. DOGE crypto broke out of the parallel channel and surged till $0.08162 but ended back inside the channel. Meanwhile, DOGE cryptocurrency has remained inside the rising parallel channel to recover maximum over the daily time frame chart. Investors in DOGE crypto need to wait until the DOGE crypto breaks out of the primary resistance level of $0.08162.
Dogecoin price was at $0.07805 and has gained 1.17% of its market capitalization during the day’s trading session. However, trading volume fell by 27.69% during intraday demonstrating that sellers are trying to accumulate for a pull back. Volume to market cap ratio was at 0.0298.
Dogecoin Price Prediction: When Will DOGE Reach $0.10?
Dogecoin price prediction highlights the recovery phase of DOGE crypto over the daily time frame chart. DOGE crypto has been trading inside the rising parallel channel after getting support from the $0.05967 level. However, volume change is below average and needs to grow intraday.
Meanwhile, DOGE crypto is trading above 20, 50, 100 and 200-days daily moving averages. Dogecoin price has gained 6.19% and 24.28% in a month. DOGE crypto has surged 10.75% year to date. DOGE is likely to recover maximum in 2023. Moreover, DOGE crypto price soared by 12.50% in a year.
Technical indicators suggest the upward momentum of Dogecoin price. Relative strength index (RSI) shows the uptrend momentum of DOGE crypto. Moving average convergence divergence (MACD) exhibits the surging momentum of DOGE crypto.
RSI was at 62 and is heading towards the overbought territory. The MACD line is above the signal line after a positive crossover.
Investors in Dogecoin cryptocurrency need to wait until the crypto breaks out from the primary resistance and sustain.
Summary
Dogecoin price prediction indicates an upward trend within an intriguing parallel channel on the daily time frame chart. Meanwhile, the DOGE cryptocurrency has remained within the ascending parallel channel in order to recover the most on the daily time frame chart. DOGE coin has been trading within the ascending parallel channel since finding support at $0.05967. Technical indications indicate that the price of Dogecoin is rising. Investors must wait till DOGE crypto breaks out of the major resistance and sustains.
Technical Levels
Support Levels: $0.07595 and $0.07185
Resistance Levels: $0.08160 and $0.090
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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
