DOGE/USD Surges; Price Hovers at $0.120 Level

The Dogecoin price prediction shows that DOGE is likely to break above the upper boundary of the channel.

Dogecoin Prediction Statistics Data:

• Dogecoin price now – $0.125
• Dogecoin market cap – $16.73 billion
• Dogecoin circulating supply – 132.6 million
• Dogecoin total supply – 132.6 million
• Dogecoin Coinmarketcap ranking – #8

DOGE/USD Market

Key Levels:

Resistance levels: $0.150, $0.160, $0.170

Support levels: $0.100, $0.090, $0.080

DOGE/USD is seen refreshing to a new high as the coin spikes to the upside to trade close to the resistance level of $0.150. The Dogecoin price is currently hovering at $0.125 with a bullish movement toward the upper boundary of the channel. Meanwhile, if the coin slides and faces the 9-day and 21-day moving averages, sellers may attempt to return to the market, but the bulls are likely to collect more on the price dips.

Dogecoin Price Prediction: Dogecoin Price Ready to Gain More

The Dogecoin price can only maintain the uptrend if the newly touched $41.2 resistance level is maintained at all costs. At the time of writing, the technical indicator Relative Strength index (14) is within the overbought region to create more bullish signals in the market, and this could encourage more buyers to enter the market. However, Dogecoin (DOGE) may continue to maintain an uptrend as soon as the coin crosses above the upper boundary of the channel.

Nevertheless, as long as the red line of the 9-day MA remains above the green line of the 21-day MA, the coin may continue to perform well, and the price of Dogecoin could reach the resistance levels at $0.150, $0.160, and $0.170 respectively. Meanwhile, if the technical indicator decides to take away from the overbought region, there may be a slight bearish drop which could roll the market down to the support levels of $0.100, $0.090, and $0.080 respectively.

Against Bitcoin, the Dogecoin price is hovering above the 9-day and 21-day moving averages as the price touches the daily high at 642 SAT. However, the technical indicator Relative Strength Index (14) stays within the overbought region as the coin aims for more uptrends.

Moreover, as seen on the daily chart, the potential resistance level could be located at 800 SAT and above, a lower sustainable move may cancel the bullish pattern, and could attract new sellers coming into the market with the next focus on the support level of 400 SAT and below.

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