DOGE/USD Continues Trading at Lower Levels

The Dogecoin market lacks momentum, and this has caused it to be sold and bought at lower price levels. Consequently, this crypto’s price action has maintained the narrow price range of $0.0568 to $0.645.

Dogecoin Forecast Statistics Data:
Dogecoin’s current price: is $0.0593
DOGE market cap: $7.93 billion
Dogecoin circulating supply:  132.67 billion
DOGE total supply: 132.67 billion
DOGE Coinmarketcap ranking: #10

Important Price Levels:
Top Level: $0.0645, $0.0650, $0.0655
Base Levels: $0.0591, $0.0580, $0.0565

Dogecoin Price Prediction Today, October 24, 2022: DOGE/USD May Bounce Upwards

The movement of DOGE/USD daily market reveals that its price action lacks the energy to make significant market moves. The most recent price candle on this chart is a bearish one – though it has formed under the MA line, like the others, but has further pushed the price lower. Also, the Average True Range (ATR) portrays the lack of direction in price action. But on the contrary, the Stochastic RSI shows that the bulls are still gathering momentum. Combining all indications, we can anticipate that at least price may soon be above the $0.0606 price level.

Dogecoin Price Prediction Today, October 24, 2022: The Bulls Are Influencing the DOGE/USD Price

Looking at the most recent price candlesticks in this 4-hours market, we can readily see the activities of the Bulls. With the aid of two bullish candles, price action is now leveled with the MA line. Also, the RSI is showing that a bullish reversal is on the way as the lines of this indicator are now indicating it above the 50% level. Although, the ATR indicator still portrays an overall downtrend. Doing the math, expectations that the price will soon hit above $0.0600 stays strengthened.

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