Dogecoin Price Prediction – DOGE Price Estimated to Drop to $0.069399 By Jul 29, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Dogecoin is up 5.06% today against the US Dollar
• DOGE/BTC increased by 5.40% today
• DOGE/ETH increased by 5.21% today
• Dogecoin is currently trading 9.03% above our prediction on Jul 29, 2023
• Dogecoin gained 11.01% in the last month and is up 9.89% since 1 year ago

DOGE price is expected to drop by -8.28% in the next 5 days according to our Dogecoin price prediction

is trading at $ 0.075663 after gaining 5.06% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 5.42% in the same time period. DOGE performed well against BTC today and recorded a 5.40% gain against the world’s largest cryptocurrency.

According to our Dogecoin price prediction, DOGE is expected to reach a price of $ 0.069399 by Jul 29, 2023. This would represent a -8.28% price decrease for DOGE in the next 5 days.

DOGE Price Prediction Chart

Buy/Sell Dogecoin

What has been going on with Dogecoin in the last 30 days

Dogecoin has been displaying a positive trend recently, as the coin gained 11.01% in the last 30-days. The medium-term trend for Dogecoin has been bearish, with DOGE dropping by -4.06% in the last 3 months. The long-term picture for Dogecoin has been positive, as DOGE is currently displaying a 9.89% 1-year price change. On this day last year, DOGE was trading at $ 0.068854.

Dogecoin reached its all-time high price on May 08, 2021, when the price of DOGE peaked at $ 0.738595. The current DOGE cycle high is $ 0.156883, while the cycle low is at $ 0.049701. DOGE has been displaying low volatility recently – the 1-month volatility of the coin is at 3.81. Dogecoin recorded 16 green days in the last 30 days.

Dogecoin technical analysis for today – Jul 24, 2023

The sentiment in the Dogecoin markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.070332, $ 0.068849 and $ 0.067609, while $ 0.073054, $ 0.074294 and $ 0.075777 are the key resistance levels.

Neutral sentiment for Dogecoin

19 indicators are currently signaling a bullish prediction for Dogecoin, while 10 indicators are showing a bearish forecast. With 66% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Dogecoin.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 55 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Dogecoin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Dogecoin is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Dogecoin is at 59.39, suggesting that DOGE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Dogecoin over the last 50 days. Currently, Dogecoin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the DOGE closing price for the last 200 days. DOGE is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Dogecoin prediction

After considering the above factors, we can conclude that the current forecast for Dogecoin price prediction is Neutral. DOGE would have to decrease by -8.28% to hit our $ 0.069399 target within the next five days. Moving forward, it will be important to monitor the DOGE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Dogecoin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.