Dogecoin Price Prediction: DOGE Returned and Consolidates inside the Range, Know Whereabouts!

Dogecoin price prediction suggests the consolidation phase of the token over the daily price chart.
DOGE cryptocurrency is currently slipping behind 20 EMA but is still above 50, 100 and 200-days Daily Moving Average.
The pair of DOGE/BTC is at 0.000005619 BTC with an intraday drop of 0.80%.

Dogecoin price prediction indicates that the token is attempting to retrace its steps to the higher price range of the daily chart’s long-term consolidation phase. But before the DOGE cryptocurrency can advance to the upper price range, it must first break over the $0.110 barrier level. After the breakout, DOGE might soon have some laudable success. Even though DOGE, the memecoin, is making an effort to do exceptionally well in these challenging times, the entire cryptocurrency market is currently in a state of chaos.

As of right now, Dogecoin’s estimated price is $0.096 and its market capitalization dropped by 0.86% yesterday. In the meantime, trading volume decreased by 25.26% during the intraday trading session. This could mean that the sellers are getting ready to let the price of DOGE drop.

The DOGE cryptocurrency price is striving to climb toward the higher price range of the long-term consolidation phase on the daily price chart. The token needs to entice more purchasers in order to stop the fall. The volume change, which is now below normal, must rise for DOGE to recover. Meanwhile, DOGE cryptocurrency is currently slipping behind 20 EMA but is still above 50, 100 and 200-days Daily Moving Average.

What do Technical indicators suggest about Dogecoin Price?

Technical indicators indicate a sideways movement for the DOGE cryptocurrency. The Relative Strength Index emphasizes the DOGE consolidation phase. At 51, the RSI is aiming to maintain above neutrality. In the consolidation phase, the MACD shows the DOGE downward velocity. After a negative crossover, the MACD line is lower than the signal line. Investors in DOGE must wait until additional buyers come forward and push the token’s price closer to the higher range.

Conclusion

Dogecoin price prediction indicates that the token is attempting to retrace its steps to the higher price range of the daily chart’s long-term consolidation phase. But before the DOGE cryptocurrency can advance to the upper price range, it must first break over the $0.110 barrier level. After the breakout, DOGE might soon have some laudable success. The volume change, which is now below normal, must rise for DOGE to recover. At 51, the RSI is aiming to maintain above neutrality. In the consolidation phase, the MACD shows the DOGE downward velocity.

Technical Levels

Support Levels: $0.095 and $0.075

Resistance Levels: $0.111 and $0.120

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 the 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