Given that Dogecoin has risen above $0.0720 and is currently trading at $0.0810, the price prediction is optimistic.

The 50-day moving average and downward trendline, however, still act as barriers to upward advance.

Doge Price Prediction:

The price of Dogecoin is currently $0.081, and its 24-hour trading volume is $605 million. Over 7.5% more Dogecoin has grown in the last 24 hours. With a live market capitalization of $10 billion, CoinMarketCap is now ranked #9. The maximum supply of DOGE coins is unknown, but the current supply is 132,670,764,300.

The DOGE/USD pair has developed a descending triangle pattern on the 4-hour chart, with resistance at $0.0832 and support close to $0.075 and $0.0710. A bullish breakout of this level can expose the DOGE coin to $0.0870. The downward trendline of the descending triangle is stretching significant resistance at $0.0832.

Up till $0.0910, additional purchasing opportunities can be available if $0.0870 continues to break out. However, Dogecoin must first rise over the 50-day moving average at $0.083 in order for it to move bullishly.

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