Dogecoin Price Prediction: DOGE on track to $0.25




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Jonathan Morgan Jonathan Morgan
Independent Analyst

Dogecoin price continues to trudge higher and higher, despite some selling pressure seen late yesterday and during today’s session. DOGE remains up nearly 30% from its open on March 14, 2022, with eyes on further gains up ahead.  
Dogecoin price has one technical level more important than any other currently on its chart: the 2022 Volume Point Of Control. Sellers may be looking for an opportunity to flush DOGE again, but supports levels at $0.14 will only continue to get stronger.  
Sellers may also be looking at the daily Relative Strength Index and how close it is to the 70 level and assuming it is overbought. However, the overbought levels are 80 and 90 when the RSI is set up for bull market conditions.  
The current RSI is set up for bear market conditions, with the overbought levels at 55 and 65. DOGE has been testing 65 for several days, warning that a breakout above that level has a high probability of occurring. Once the RSI hits 70, DOGE converts into bull market RSI conditions.  
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DOGE/USD Daily Ichimoku Kinko Hyo Chart
Currently, Dogecoin price is positioned for a continuation move higher, likely facing resistance once it hits the $0.16 level where the top of the Ichimoku Cloud, Senkou Span B, exists. However, resistance will probably only be temporary as momentum will likely be enough to push DOGE towards the $0.25 level.  
Downside risks remain a concern but should be limited to the $0.1325 level where the bottom of the Cloud (Senkou Span A) and the Kijun-Sen exist.  
 
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Bitcoin price leans toward a crash as bears win the power struggle. This development has shifted the market’s tide in favor of sellers, and will soon be reflected in Ethereum and Ripples’ prices. 
Shiba Inu price seems to be stuck between two significant barriers, resulting in a long and drawn-out consolidation. The recent attempt to move past the range high failed, leading to a retracement.
Cardano price has not made huge progress since bottoming on May 12. The altcoin has been hovering just above this level and is likely to revisit it soon, especially if certain conditions are met.
A former Goldman Sachs Executive Raoul Pal believes that the crypto market is ready for a massive recovery as money supply bottoms out.
Bitcoin price has noticed a large shift in sentiment from being overly bearish to optimistic. Although greed is still out of the equation, things could soon reach these levels, especially if the trend continues as it has over the last ten days.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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