Dogecoin Price Prediction: Will DOGE Break the $0.094 Resistance Level?
The current Dogecoin price prediction suggests that DOGE is currently attempting to break out above the $0.094 resistance level. Here are the key statistics:
- Current Dogecoin price: $0.098
- Market cap: $13.6 billion
- Circulating supply: $142.1 billion
- Total supply: $142.1 billion
- DOGE/USD coin market ranking: #9
DOGE/USD Market: Key Levels
Resistance levels: $0.120, $0.122, $0.124
Support levels: $0.084, $0.082, $0.080
Recently, DOGE/USD bulls faced resistance around the $0.106 level, causing a downside movement. However, the Dogecoin price is currently hovering above the 9-day and 21-day moving averages. This indicates a potential upward push towards the upper boundary of the channel. Furthermore, the 9-day MA remains above the 21-day MA, suggesting a bullish market sentiment.
Dogecoin Price Prediction: Potential Uptrend for DOGE
Currently valued at $0.098, the Dogecoin price is facing upward pressure. If DOGE/USD breaks the $0.100 level, the coin may continue its upward movement to retest the previous high of $0.106. The nearest resistance levels are found at $0.120, $0.122, and $0.124. Conversely, if the coin slides towards the lower boundary of the channel, it could find support at $0.084, $0.082, and $0.080 respectively.
DOGE/BTC: Potential Upside Spike
When compared to Bitcoin, the Dogecoin price has been moving in the same direction above the 9-day and 21-day moving averages. This indicates the potential for bullish movement. On the downside, if the market price falls below the lower boundary of the channel, the next support level may be at 200 SAT. Further key support levels include 185 SAT and below, if significant selling pressure ensues.
Conversely, if the bulls push the price above the resistance level of 245 SAT, Dogecoin could face 250 SAT. Additional resistance lies at 330 SAT and beyond. The fact that the 9-day MA remains above the 21-day MA suggests the continuation of the bullish movement. However, if the price moves below the lower boundary of the channel, it may bring bearish pressure into the market.
Dogecoin Alternatives
The Dogecoin price continues to show upward movement, with a gain of over 4.35%. It is expected to cross and stay above the upper boundary of the channel, potentially reaching the resistance level of $0.110. Downside support is expected at $0.090 within narrow conditions.
Meanwhile, Bitcoin Minetrix is gaining attention for its innovative cloud mining solution and successful presale. As Dogecoin charts an upward trajectory, many are turning their attention to Bitcoin Minetrix in anticipation of its potential prominence in the cryptocurrency market. Notably, the token has surpassed expectations, raising an impressive $4.9 million during its presale phase.
Hot Take
Dogecoin has been surging recently, and it shows no signs of slowing down. With its rising market cap and bullish market sentiment, DOGE is set to continue its upward movement. Investors are closely watching the resistance levels at $0.120, $0.122, and $0.124, as breaking through these levels could lead to even greater gains. On the downside, support levels at $0.084, $0.082, and $0.080 will provide stability. Overall, the future looks bright for Dogecoin as it solidifies its position in the crypto market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.