Dogecoin Price Prediction: Facts Figures and Data, All about Doge Crypto and its Community

Dogecoin price prediction suggests the token’s uptrend momentum inside the rising parallel channel over the daily time frame chart.
DOGE crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average.
The pair of DOGE/BTC was at 0.000003964 BTC with an intraday drop of 0.97%.

Dogecoin price prediction suggests the token’s recovery phase inside the ascending parallel channel over the daily time frame chart. DOGE cryptocurrency has been maintaining itself inside the channel to surge towards the upper price range of the long term consolidation phase.

In this article you will get to know more about Dogecoin and its super cool community added with the exclusive technical analysis of Dogecoin price.

Dogecoin Price Prediction: DOGE’s Uniqueness and Its Super Strong Community

A decentralized, open-source cryptocurrency called Dogecoin was developed by software developers Billy Markus and Jackson Palmer in 2013. The term “Dogecoin” was first used as a joke, and it was modeled after the well-known Shiba Inu dog internet meme.

All Dogecoin transactions are recorded on the blockchain, a public ledger. The transactions are uploaded to the blockchain and cannot be changed once they have been confirmed by a network of nodes. As a result, Dogecoin is a safe and open form of payment.

Dogecoin has a number of unique features compared to other cryptocurrencies. One of the key differences is its faster block time. While Bitcoin has a block time of 10 minutes, Dogecoin’s block time is just one minute. This means that transactions are processed much faster with Dogecoin than with Bitcoin.

Another unique feature of Dogecoin is its unlimited supply. Unlike Bitcoin, which has a limited supply of 21 million coins, Dogecoin has no limit on the number of coins that can be mined. This means that there is no scarcity of Dogecoin and its value is not dependent on its scarcity.

Dogecoin is also known for its friendly and welcoming community. The Dogecoin community is active on social media and Reddit, and they are known for their charitable acts, such as raising funds for various causes, such as sending the Jamaican bobsled team to the Winter Olympics and building wells in developing countries.

To sum up about DOGE, Dogecoin is a cryptocurrency that has a fast block time, unlimited supply, and a strong and friendly community. While it was created as a joke, it has evolved into a legitimate currency that is widely used and accepted. Despite its checkered history, Dogecoin has proven to be a durable and reliable cryptocurrency, and it is worth keeping an eye on in the future.

Back to Exclusive Technical Analysis for Dogecoin Price

Dogecoin price prediction showcases the token’s recovery phase inside the ascending parallel channel over the daily time frame chart. However, volume change is still below average and needs to grow for DOGE crypto to maintain its recovery. Meanwhile, DOGE crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average.

Technical Indications for DOGE Cryptocurrency

Technical indicators are pretty divergent over the Dogecoin price as the Dogecoin price prediction conveys the recovery for DOGE crypto. However, the Relative Strength Index showcases the uptrend momentum of DOGE crypto. RSI was at 54 and is moving towards the overbought territory. However, MACD exhibits the downtrend momentum of DOGE crypto. The MACD line is below the signal line after a negative crossover. Investors in DOGE crypto and the members from the DOGE community need to wait until the Dogecoin price breaks out.

Summary

Dogecoin price prediction suggests the token’s recovery phase inside the ascending parallel channel over the daily time frame chart. Unique feature of Dogecoin is its unlimited supply. Unlike Bitcoin, which has a limited supply of 21 million coins, Dogecoin has no limit on the number of coins that can be mined. Technical indicators are pretty divergent over the Dogecoin price as the Dogecoin price prediction conveys the recovery for DOGE crypto. The MACD line is below the signal line after a negative crossover. Investors in DOGE crypto and the members from the DOGE community need to wait until the Dogecoin price breaks out.

Technical Levels

Support Levels: $0.085 and $0.080

Resistance Levels: $0.095 and $0.100

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing