Can Dogecoin Be Worth $1? DOGE Foresees Breakout to $900 Million
24-hour trade volume for Dogecoin (DOGE/USD) increased to $1.24 billion. Its price is currently at $0.1316 after a 2.38% decrease.
Dogecoin, ranked #8 among cryptocurrencies with a market capitalization of 145.3 billion DOGE and a valuation of $19.12 billion, has been facing the most significant concerns among investors on the subject that it will finally reach one Dollar.
Forecasting Dogecoin Price
Dogecoin is trading at $0.1316 today against USD (DOGE/USD). The chart shows solid Dogecoin support at $0.1282 with the symmetrical triangle formation which is one can be seen in figure below indicating continued rise in prices.
Resistance levels immediately ahead help define targets as prices rise higher up.The immediate resistance level is $0.1384 followed by two other key levels namely; $0.1438 and $0.1484 respectively.
Initial downside support is around here from which any dip might be regarded as throwing away value or even worsening off such an investment all over again.$0.1222 and then $0.1174 are the next most likely levels where we may encounter selling pressures if any bearish momentum outpaces bullishness within these markets.
At RSI 53,69 there’s no clear trend but it could still keep going up from here according to our analysis based on Relative Strength Index (RSI).
Forecasting Dogecoin Price
According to Tradingview, what will be the price of Bitcoin?What about its 50-day Exponential Moving Average (EMA), which currently stands at slightly below$0.1312? What does it tell us about Dogecoin’s current price? The answer is that it is likely to go up.
Dogecoin will rally if it sustains support at this level that keeps the pattern of a symmetrical triangle above 0.1282.This technical setup is important for traders looking to catch profits from possible bull run.
Positive outlook for Dogecoin over $0.1282. Over this pivot point, buying might be extended towards resistance levels $0.1384 and $0.1438 as shown in the figure below.
