DOGE/USD Could Rise Above $0.080

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The Dogecoin price prediction shows that DOGE may begin to follow the bullish movement as the coin prepares for the upside.

Dogecoin Prediction Statistics Data:

Dogecoin price now – $0.077
Dogecoin market cap – $10.2 billion
Dogecoin circulating supply – 132.6 billion
Dogecoin total supply – 132.6 billion
Dogecoin Coinmarketcap ranking – #9

DOGE/USD Market

Key Levels:

Resistance levels: $0.130, $0.140, $0.150

Support levels: $0.030, $0.020, $0.010

DOGE/USD is currently trading around the $0.077 level below the 9-day and 21-day moving averages. If the coin drops below the lower boundary of the channel, the closest support could be located at $0.050, while a close resistance could be found at $0.080. Meanwhile, additional resistance can be found above the 9-day and 21-day moving averages if the market increases bullishly.

Dogecoin Price Prediction: Dogecoin (DOGE) May Spike to the Upside

According to the daily chart, it is evident that the Dogecoin market may create more bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line may cross above the 50-level.

At the moment, DOGE/USD is heading toward the 9-day and 21-day moving averages, but any bearish movement below the lower boundary of the channel could lead the coin to critical support at $0.050. Moreover, the support levels for the market could be found at $0.030, $0.020, and $0.010, while the resistance levels lie at $0.130, $0.140, and $0.150 respectively.

When compares with Bitcoin, the support level of this range is built around 480 SAT. The coin is likely to cross above the 9-day and 21-day moving averages, it could hit the nearest resistance at 600 SAT but the market price is still changing below the 9 moving averages. However, the price may begin to follow the bullish movement t as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

DOGEBTC – Daily Chart

Meanwhile, if the Dogecoin price remains below the moving averages, DOGE/BTC could hit the support level of 300 SAT and below. Moreover, any bullish movement above the moving averages may allow the market to form a new upward trend, and this could reach the potential resistance at 700 SAT and above.

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