Doge price prediction – Here’s the latest Doge price prediction and Doge TO USD converted price you can find here
Doge Today’s price
Doge price today is $0.0780697 USD
| DATE | Dogecoin | USD |
|---|---|---|
| Today | 1 | $0.0780697 |
It’s value increased in 2021 as the cryptocurrency markets recovered, gaining popularity on social media and spurring the creation of additional coins with Shiba Inu dog themes.
Furthermore, even in the context of cryptocurrency markets, the price of coin fluctuates wildly because social media communities are to blame for notable price peaks and subsequent crashes that garner mainstream media attention.
Doge Price Prediction:
The price of Dogecoin (DOGE) is once more decisively rejected, this time by a technical moving average. The rejection and decline to the downside nearly feel like a play-by-play of an event that happened against a monthly pivot level last week.
Since there is no close support, DOGE will need to decline even more in order to find buyers willing to stop the decline in the current adverse market situation.
As the subtitle states, there are opportunities for risk-taking traders to create long positions in DOGE at the present price of dogecoin while the macroeconomic environment is turning even more unfavorable than before.
Any willingness for taking on additional risk seems unlikely given the gloomy predictions made for 2023 by a number of significant central banks. Since support is still far away, DOGE is expected to keep falling until it is reached at the first support level.
The 200-day Simple Moving Average represents DOGE’s initial level that will be tested near $0.0739. (SMA). At the end of November, a 28% lucky bounce for the week was brought about by that level, which had previously supported the price movement.
The topside against the 55-day SMA will now decrease 20% for the week, reaching support from the 200-day SMA.
That bounce might happen considerably sooner than anticipated if the 200-day SMA is tested before Sunday night, close to the weekly close.
Bulls might be more than willing to seize the opportunity and drive up price activity. Expect no major full-blown rebound, but some follow-through to $0.1255 may allow for a reduction in losses to $0.1004.
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