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 $0.0734436 USD
| DATE | Dogecoin | USD |
|---|---|---|
| Today | 1 | $0.0734436 |
Doge Price Prediction:
Since February 19, the price of Dogecoin (DOGE) has been trading with a bearish bias, undergoing a massive down move.
Elon Musk, the CEO of Twitter and a well-known doge father, rekindled the flames with a tweet about his newfound interest in artificial intelligence (AI).
“I used to be in crypto, but now I got interested in AI”
— Elon Musk (@elonmusk) March 3, 2023
Morgan Creek Capital Management chief investment officer Mark Yusko scaled another painful attack on Dogecoin, saying, “meme coins don’t have any value.”
Dogecoin’s price has dropped 11% in the last week, but it is still trading above the $0.0736 support level.
Given that Jerome Powell’s testimony suggested that rate hikes would be accelerated, investors should expect the downtrend to continue.
In such a case, the Dogecoin price may fall to the $0.0701 support level before resuming its upward trend. If buyers do not return, DOGE could fall to the next support structure at $0.0682. This move would amount to an 8% selloff in total.
The negative position of the Relative Strength Index (RSI) with a price strength of 32 adds credence to the bearish sentiment.
On the other hand, the daily chart of Dogecoin price showed a bullish cross between the 50-day and 100-day Exponential Moving Averages (EMAs).
This technical formation gives DOGE holders reason to be optimistic, indicating the possibility of an uptrend.
If sidelined buyers respond to the call to help the meme coin, Dogecoin price may attempt a recovery rally to the $0.0823 resistance level.
While this move will attract more investors, the bearish thesis will be invalidated only if a daily candlestick closes above $0.0827.
Such a move would result in a higher high, skewing the odds in favour of the bulls and potentially triggering a run-up to the 200-day EMA at $0.0845.
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