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- 1 Dogecoin price prediction shows that DOGE crypto is pumped today as buyers are getting involved.
- 2 DOGE crypto is trading at 20-EMA to reach the 50, 100, and 200-day daily moving average.
- 3 Dogecoin cryptocurrency has declined by 13.26% year to date.
Dogecoin price prediction showcases that DOGE crypto is getting ready for its breakout from the primary resistance. As buyers are getting involved in the trade and pushing DOGE to reach the moon. However, the accumulation rate needs to be maintained for the DOGE crypto price to sustain at the primary resistance level. Meanwhile, investors in Dogecoin cryptocurrency need to wait until DOGE crypto properly breaks out from the resistance and sustains there to continue the surge.
Dogecoin price was at $0.06190 and has gained 2.37% of its market capitalization during the day’s trading session. Trading volume has increased by 14.54% during the intraday trading session. This demonstrates that buyers are trying to accumulate in order to push DOGE crypto upwards. The volume-to-market cap ratio was at 3.04%.
Will Dogecoin Price Reach New Heights?
Dogecoin price prediction suggests the recovery phase of DOGE crypto over the daily time frame chart. However, the volume change is below average and needs to grow intraday. Meanwhile, DOGE crypto is trading at 20-EMA to reach the 50, 100, and 200-day daily moving averages.
Dogecoin crypto is finally gaining with a strong upside trend and also trying to sustain at the primary resistance level of $0.06218. However, sellers may approach the trade as DOGE may lose buyers by the end of the day’s trading session. If DOGE manages to maintain its recovery phase and maintain the accumulation rate of buyers then it may recover maximum over the charts.
Dogecoin price has declined around 3.72% in a week and 20.57% in a month. Moreover, DOGE crypto slipped around 1.34% in the last three months and 12.93% in the last six months. Dogecoin cryptocurrency has decreased by 13.26% year to date. This suggests that 2023 has not been that much good for DOGE crypto performance-wise.
Technical indicators suggest the upside trend of Dogecoin cryptocurrency. The relative strength index and moving average convergence divergence both confirm the upward momentum of DOGE crypto.
RSI was at 48 and is trying to break out from neutrality. The MACD line is crossing the signal line upwards, registering a positive crossover. Investors in Dogecoin cryptocurrency need to wait until DOGE crypto sustains at the primary resistance level.
Summary
Dogecoin price prediction showcases that DOGE crypto is getting ready for its breakout from the primary resistance. However, volume change is below average and needs to grow during the intraday trading session. Dogecoin cryptocurrency price has decreased by 13.26% year to date. Technical indicators suggest the upside trend of Dogecoin cryptocurrency. Investors in Dogecoin cryptocurrency need to wait until DOGE crypto sustains at the primary resistance level.
Technical Levels
- Support Levels: $0.06063 and $0.06050
- Resistance Levels: $0.06244 and $0.06368
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.
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.
