DOGE/USD Stagnant Below $0.080 Level But Could Become Stronger

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The Dogecoin price prediction may cross into the positive side as the price remains below the 9-day and 21-day moving averages.

Dogecoin Prediction Statistics Data:

Dogecoin price now – $0.076
Dogecoin market cap – $10 billion
Dogecoin circulating supply – 132.6 million
Dogecoin total supply – 132.6 billion
Dogecoin Coinmarketcap ranking – #9

DOGE/USD Market

Key Levels:

Resistance levels: $0.140, $0.150, $0.160

Support levels: $0.030, $0.020, $0.010

DOGE/USD price could drop lower if the coin finds support at the $0.070 level. At the time of writing, Dogecoin (DOGE) is trading below the 9-day and 21-day moving averages, if the bears bring the market price below the lower boundary of the channel, immediate support at the $0.050 level may be located. Beneath this, further supports could be found at $0.030, $0.020, and $0.010 respectively.

Dogecoin Price Prediction: DOGE Price May Rang-bound Before Trading Bullishly

As the daily chart reveals, if the Dogecoin Buyers can hold the support at $0.076 and the Dogecoin price crosses above the 9-day and 21-day moving averages, bulls may expect immediate resistance to be located at $0.100. However, moving a little bit higher may locate the higher resistance levels at $0.140, $0.130, and $0.120. Meanwhile, the technical indicator Relative Strength Index (14) is seen ranging above the 40-level, which shows that the market may follow a sideways movement.

Against Bitcoin, Dogecoin is still trading below the 9-day and 21-day moving averages. Meanwhile, if the price actions remain below this barrier, Dogecoin may perpetually be under the control of a bear. Nevertheless, traders need more strong and more consistent resistance to keep the price from the bear run.

However, with the current movement in the daily chart, if the price crosses above the 9-day and 21-day moving averages, heading towards the upper boundary of the channel could reach the potential resistance level at 700 SAT and above. On the contrary, if the market price faces the lower boundary of the channel, it could hit the critical support at 300 SAT and below as the technical indicator Relative Strength Index (14) moves in the same direction below the 40-level.

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