Dogecoin Price Prediction Today, October 31, 2022: DOGE/USD Extends Hyper-Bullish Run

Dogecoin has moved move approximately 50% of its price to the upside in less than a week. This hyper-bullish nature has also extended till now with more signs of a continuous upside gyration.

DOGE Forecast Statistics Data:
DOGE price: is $0.1299
Dogecoin’s market capitalization: $15.56 billion
DOGE circulating supply:  132.67 billion
Dogecoin’s overall supply: 132.67 billion
Dogecoin Coinmarketcap ranking: #8

Crucial Value Levels:
Resistance Level: $0.1299, $0.1310, $0.1330
Support Levels: $0.1280, $0.1270, $0.1260

Dogecoin Price Prediction Today, October 31, 2022: DOGE/USD Continues Its Upside Move

Price action in the DOGE/USD  has been on a rally towards higher price levels. Dogecoin’s price has broken multiple Fibonacci levels, after finding a support near the 78.60 Fibonacci level. Consequently, this has placed price action far above the Smooth Moving Average. Also, the MACD indicator as well portrays the prevalent trend in this market. This can be seen as it’s lines rises steeply even above the equilibrium point of 0.00 to 0.00724 and 0.01117 respectively. At this point, price action is well positioned for more upside movement, and price action may soon reach the 0.14306.

Dogecoin Price Prediction Today, October 31, 2022: Selling Commences in the DOGE/USD

Shortly after price action in the DOGE/USD 4-hour market broke the 23.60 Fibonacci level, it appears as if traders has commenced selling. Consequently, this has brought price action to align with the 23.60 Fibonacci level. Also, the curves of the MACD has shaped to portray the happenings in this market. Nevertheless, the SMA curve remains under price activity and at significant distance too. Therefore, traders can still buy into this market with the hope of price resuming its upward path, since technical indicators are still positive.

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