DOGE/USD Likely to Hit Support at $0.080
The Dogecoin price prediction still maintains sideways movement but couldn’t break above the 9-day and 21-day moving averages.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.083
- Dogecoin market cap – $11.1 billion
- Dogecoin circulating supply – 132.6 billion
- Dogecoin total supply – 132.6 billion
- Dogecoin Coinmarketcap ranking – #9
Resistance levels: $0.140, $0.150, $0.160
Support levels: $0.040, $0.030, $0.020
At the time of writing, DOGE/USD continues to move sideways as the coin could head towards the lower boundary of the channel. Meanwhile, the current market situation isn’t impressive at all as the coin may create additional bearish signals.
Dogecoin Price Prediction: Dogecoin (DOGE) May Decline Heavily
According to the daily chart, $0.140, $0.150, and $0.160 are significant resistance levels if the bulls push the Dogecoin price above the 9-day and 21-day moving averages. On the downside, if the price crosses below the lower boundary of the channel, it could cause a bearish wave, and beneath this, further supports could be found at $0.040, $0.030, and $0.020. The technical indicator Relative Strength Index (14) is likely to cross below the 40-level, suggesting a price drop.
Against Bitcoin, DOGE is likely to begin another bearish movement as the coin remains below the 9-day and 21-day moving averages. Moreover, the Dogecoin price has been moving sideways for the past few weeks, but if the coin crosses above the moving averages, the nearest resistance level could be found at 600 SAT. Above this, higher resistance could be located at 700 SAT and above.
However, from below; the nearest level of support lies at 400 SAT. Beneath this, the coin may slide towards the lower boundary of the channel. Lower support could be found at 350 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving above the 50-level, which shows that the coin is likely to move sideways. On the other hand, traders may need to see DOGE/BTC rise and break towards the upper boundary of the channel.
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