$DOGE ### Dogecoin (DOGE) Price Prediction Overview
**Current Price:** $0.165752
**Short-Term Prediction:** $0.135961 (-13.22%)
**Market Sentiment:** Bullish
**Fear & Greed Index:** 74 (Greed)
**Volatility:** 6.18%
**Recent Performance:** 10/30 Green Days
The current analysis suggests a **bearish short-term trend** for Dogecoin, with a predicted decrease to $0.135961 by June 23, 2024. Despite this, the overall sentiment remains bullish, and the market is currently in a state of greed.
### Long-Term Price Predictions for Dogecoin (2025)
- **2025:** Range between $0.134695 - $0.650373
By 2025, Dogecoin could potentially see a **293.04% increase** if it reaches the higher end of the forecast.
### Technical Analysis Indicators
- **50-Day SMA:** $0.157429 (BUY)
- **14-Day RSI:** 51.82 (NEUTRAL)
### Oscillators and Moving Averages
- **SMA (3-day):** $0.16789 (SELL)
- **EMA (3-day):** $0.155104 (BUY)
- **RSI (14-day):** 51.82 (NEUTRAL)
Oscillators like the RSI indicate a neutral market position for Dogecoin, neither overbought nor oversold.
### Support and Resistance Levels
- **Support Level 1 (S1):** $0.152404
- **Resistance Level 1 (R1):** $0.168053
Dogecoin's pivot point analysis shows immediate support and resistance levels that could influence short-term movements.
### Correlation with Other Cryptocurrencies
Dogecoin has shown a positive correlation with major cryptocurrencies like Avalanche (AVAX) and Binance Coin (BNB), indicating similar market movements.
### Upcoming Price Predictions
- **May 31, 2024:** $0.155077 (-1.02%)
The forecast for the end of May 2024 suggests a slight decrease in Dogecoin's price.
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**Disclaimer:** This prediction is not financial advice but an analytical projection based on historical data and technical analysis. Always conduct your own research and consult with a financial advisor before making investment decisions. Cryptocurrency investments are subject to high market risk. Please trade cautiously.
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Source:CoinCodex.