Dogecoin Price Prediction: Whale Activity Loading for DOGE Rally 2023?

Dogecoin price prediction hints towards the DOGE rally 2023 as whale activity has increased over DOGE the memecoin.
DOGE crypto is trying to sustain at 20-EMA but is still trading below 50, 100 and 200-days Daily Moving Average.
Dogecoin price must remain inside the recovery momentum in order to keep surging while short sellers are approaching to short the market for DOGE crypto.

Dogecoin price prediction suggests the sustainability issues of DOGE crypto as whale activity might provide support for rally 2023. Dogecoin price must sustain at the current level to continue the surge towards $0.080 over the charts. DOGE coin price has been increasing after getting support from the $0.063 and is presently trying to sustain.

Dogecoin price needs to attract more buyers during the day’s trading session to sustain and revert back. Elon Musk the multi billionaire might push DOGE during 2023, predicts analysts from an esteemed crypto firm. Musk’s miraculous idea for DOGE to moon might seem a bit unbelievable but investors in DOGE crypto believe a strong DOGE rally is incoming as whales accumulate.

Dogecoin price was at $0.073 and has lost 1.46% of its market capitalization during the day’s trading session. Trading volume has increased by 22.22% during the intraday trading session. This demonstrates that buyers are trying to accumulate for DOGE crypto prices to surge and avoid short selling pressure. Volume to market cap ratio was at 0.06506.

Dogecoin price prediction hints towards the recovery phase of DOGE crypto price during 2023, due to huge whale activity lately. Analysts believe that Dogecoin price might reach $0.1 if it continues to surge and register its breakout from the long term consolidation phase.

Dogecoin price must sustain and remain inside the recovery phase to keep soaring. Dogecoin price has gained around 0.97% in the last week spreading positivity in the cryptocurrency market. However, some analysts also believe that if Bitcoin sustains above $25000 then other altcoins like Dogecoin might recover and surge maximum.

Dogecoin price holds the potential to surge during 2023, added analysts. This can be confirmed by the stats of DOGE crypto’s 6.51% recovery year to date. Moreover, Dogecoin price has soared around 27.46% in the last six months according to tradingview.com DOGE/USD chart.

Will Dogecoin Price Continue to Recover in 2023?

Dogecoin price prediction indicates the recovery phase of DOGE crypto during the year 2023. Dogecoin price might start its crucial recovery rally as soon as whale activity increases during 2023.

Technical indicators are pretty divergent over the price action of Dogecoin price. Relative strength index showcases the downside trend of Dogecoin price. RSI was at 42 and has been declining towards the oversold territory.

MACD on the other hand exhibits the recovery momentum of DOGE. The MACD line has crossed the signal line registering a positive crossover. Investors in Dogecoin need to wait until the DOGE crypto price sustains and continues its recovery phase.

Summary

Dogecoin price prediction suggests the sustainability issues of DOGE crypto as whale activity might provide support for rally 2023. Elon Musk the multi billionaire might push DOGE during 2023, predicts analysts from an esteemed crypto firm.

Analysts believe that Dogecoin price might reach $0.1 if it continues to surge and register its breakout from the long term consolidation phase. Dogecoin price might start its crucial recovery rally as soon as whale activity increases during 2023. Technical indicators are pretty divergent over the price action of Dogecoin price.

Technical Levels

Resistance Level: $0.080 and $0.090

Support Level: $0.070 and $0.065

Disclaimer-

The views and opinions stated by the author, or any people named in this article, are for informational purposes 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