The Dogecoin Price Prediction and Market Analysis
The Dogecoin price is currently at $0.075, with a market cap of $10.5 billion and a circulating supply of $140.4 billion. The coin is ranked 7th in the DOGE/USD market.
Key Points:
- The DOGE/USD coin market ranking is #7.
- Dogecoin price is $0.075.
- The resistance levels are $0.090, $0.095, and $0.100.
- The support levels are $0.060, $0.055, and $0.050.
- DOGE/USD is moving upward with a gain of 3.27%.
The Dogecoin price is likely to cross above the 9-day moving average to reach the resistance level of $0.080. However, it may face support at $0.070.
Dogecoin Price Prediction: Dogecoin (DOGE) Could Gain More
The Dogecoin price followed a slight upward trend during the European session. A break above the 9-day moving average may lead to a bull run towards the resistance levels of $0.090, $0.095, and $0.100.
If the buyers fail to push the market upward, the price may slump below the 9-day and 21-day moving averages to reach the support levels of $0.060, $0.055, and $0.050.
When compared with Bitcoin, Dogecoin is attempting to cross above the 9-day moving average to reach the nearest resistance at 280 SAT. A bullish reversal depends on closing above this level.
Dogecoin Alternatives
The Dogecoin market may create more bullish trends once the sideways movement fades away, as indicated by the Relative Strength Index (14) moving above the 50-level.
Meanwhile, the token presale for WSM is strong, raising close to $21 million so far.
Hot Take:
The Dogecoin price is showing signs of potential gains, with resistance levels at $0.090, $0.095, and $0.100. However, it may face support at $0.060, $0.055, and $0.050. The market is also influenced by the movement of Bitcoin. Overall, Dogecoin’s future looks promising, especially with the strong token presale for WSM.
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