Dogecoin Price Prediction: DOGE Trying to Sustain the Pullback as it shelters near Lower Range!

Dogecoin price prediction suggests the downtrend momentum of DOGE crypto over the daily price chart.
DOGE crypto is trying to sustain at 20, 50, 100 and 200-days Daily Moving Average.
The pair of DOGE/BTC is at 0.00000493 BTC with an intraday drop of 3.07%.

According to dogecoin price predictions, the cryptocurrency is experiencing a minor pullback after bouncing back on the daily chart. The DOGE cryptocurrency is attempting to keep up its rate of recovery, and in order to do so, it has to draw more buyers during the intraday trading session. The meme coin DOGE is moving toward the lower level of the long-term consolidation phase, but the current trading velocity is slow. When it comes to the long-term consolidation phase, the DOGE cryptocurrency has been stuck between a whopping $0.173 and $0.060. Finally, with ELon Musk’s support for the profound token, DOGE cryptocurrency showed some encouraging indications of resurgence.

Dogecoin’s price is presently estimated at $0.0829, and over the past 24 hours, it has lost 7.59% of its market value. The intraday trading session saw a 48.95% reduction in trade volume. This shows the DOGE coin’s downward trend following its abrupt chart comeback.

Dogecoin’s price is attempting to hold steady at the present level and fend off a decline. However, volume change indicates that sellers are in charge and the volume indicator is above the average line. For DOGE cryptocurrency to remain at its current price, it must draw buyers.

DOGE Heading Moon or will Struggle just like that?

The DOGE price is predicted to reenter the severe oversold zone with a decline momentum, which is supported by technical indicators. Additionally, the bollinger band hasn’t yet indicated anything. This suggests that the price of the DOGE coin could rise from its current level.

The DOGE cryptocurrency’s downward momentum is displayed by Relative Strength Index. At 45, the RSI is moving below neutrality. The DOGE coin’s decline momentum is visible in MACD. After a negative crossover, the MACD line is lower than the signal line. Investors in Dogecoin must watch the daily price chart for any directional changes.

Conclusion

Technical Levels

Support Levels: $0.075 and $0.057

Resistance Levels: $0.135 and $0.160

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