The Dogecoin price prediction manages to maintain its position as the coin crosses above the upper boundary of the channel.
Dogecoin Prediction Statistics Data:
- Dogecoin price now – $0.074
- Dogecoin market cap – $10.29 million
- Dogecoin circulating supply – 141.5 million
- Dogecoin total supply – 141.5 million
- Dogecoin Coinmarketcap ranking – #9
Resistance levels: $0.082, $0.084, $0.086
Support levels: $0.062, $0.060, $0.058
DOGE/USD undergoes a much-needed break to the positive side as the market opens today. The Dogecoin price is currently posting gains of over 8.30% within the chart, with the coin aiming to cross above the upper boundary of the channel at $0.080.
Dogecoin Price Prediction: Dogecoin (DOGE) Maintains the Upside
The Dogecoin price continues to follow the bullish movement after a slight drop toward the 9-day and 21-day moving averages. The market price continues the surge and moves toward the upper boundary of the channel, the $0.080 resistance level is likely to come into play and the Dogecoin price may look for higher price levels if the bulls show commitment.
On the contrary, if the Dogecoin price decides to slide to the south, the price may roll back below the moving averages which could hit the supports at $0.062, $0.060, and $0.058. But on the upside, traders can expect the next levels of resistance at $0.082, $0.084, and $0.086. In addition, the 9-day MA is hovering above the 21-day MA, which indicates that bullish movement may continue to play out.
DOGE/BTC Spikes to North
Against Bitcoin, the Dogecoin price is likely to reclaim the previous resistance level of 225 SAT. Unless the coin crosses above the upper boundary of the channel, and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.
However, sliding below the 9-day and 21-day moving averages could refresh lows under 190 SAT, and a possible bearish continuation may likely meet the critical support at 180 SAT and below while the buyers may push the coin to the potential resistance level of 230 SAT and above.
Alternatives to Dogecoin
At the time of writing, the Dogecoin price faces the upside as the coin moves to cross above the upper boundary of the channel. However, the 9-day MA remains above the 21-day MA, and there is a higher probability that DOGE may find resistance at $0.080.
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