Dogecoin Price Prediction: DOGE the Memecoin Continuously Breaking Stereotypes by Gaining Support!

Dogecoin price prediction suggests that the token is trading near the lower price range of the long term consolidation phase.
DOGE crypto and Musk’s relation always proved the cryptocurrency’s success in gaining market cap.
The pair of DOGE/BTC is at 0.000005239 BTC with an intraday drop of 0.12%.

Dogecoin price prediction suggests that the token is trying to recover itself back towards the upper price range of the long term consolidation phase over the daily chart. However, the DOGE crypto needs to first break the resistance level of $0.093 to surge towards the upper price range. Following the breakout DOGE may establish some significant success in the near future. Meanwhile, the whole cryptocurrency market is witnessing a bloodbath and even then DOGE the memecoin trying to perform astoundingly perfect in the hard times.

Dogecoin price is currently estimated at $0.0875 and has gained 0.29% of its market capitalization in the last 24-hour period. However, trading volume has decreased by 9.75% during the intraday trading session. This indicates that sellers are approaching to let DOGE slip back towards the lower price range.

DOGE crypto price is trying to surge towards the upper price range of the long term consolidation phase over the daily price chart. The token needs to attract more buyers in order to avoid the fall. However, the volume change can be seen below average and needs to grow for DOGE to recover. Meanwhile, DOGE is trading at 20, 50, 100 and 200-days Daily Moving Average.

Will Dogecoin Price Build the Pace towards the Moon?

DOGE coin price has been sideways inside the long term consolidation phase since the beginning of 2022. Technical indicators suggest the sideways momentum of DOGE crypto.

Relative Strength Index showcases the consolidation phase of DOGE. RSI is at 48 and is trying to break out from neutrality. MACD exhibits the downtrend momentum of DOGE inside the consolidation phase. The MACD line is deep below the signal line after a negative crossover. DOGE investors need to wait until buyers accumulate and recover the token closer to the upper price range.

Conclusion

Dogecoin price prediction suggests that the token is trying to recover itself back towards the upper price range of the long term consolidation phase over the daily chart. However, the DOGE crypto needs to first break the resistance level of $0.093 to surge towards the upper price range. However, the volume change can be seen below average and needs to grow for DOGE to recover. DOGE coin price has been sideways inside the long term consolidation phase since the beginning of 2022. DOGE investors need to wait until buyers accumulate and recover the token closer to the upper price range.

Technical Levels

Support Levels: $0.075 and $0.057

Resistance Levels: $0.093 and $0.112

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.