March Forecast Indicates a Decline in Dogecoin (DOGE) Price Prediction
Dogecoin (DOGE) may be in the final stages of a corrective structure and could resume its previous upward movement soon. The cryptocurrency has been trading inside a symmetrical triangle since June 2020, but since November, it has fallen below the triangle’s resistance line. The daily RSI is below 50, indicating a neutral trend, and could fall to the channel’s support line at $0.070. However, a breakout above the resistance line could lead to an increase to the resistance area averaging $0.100. Technical analysis from the short-term six-hour chart shows DOGE is completing an A-B-C corrective structure, suggesting that the price is in sub-wave four. A drop to the area is expected by Fib levels, but an increase above $0.092 could invalidate this bearish prediction, leading to a future price of $0.100. Therefore, the most likely DOGE price prediction for March is that the price will fall toward the $0.073 support area before resuming its increase. Cryptocurrencies are volatile financial assets, so readers should make their own financial decisions using this information at their own risk.
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