Dogecoin (DOGE) Price Prediction
Dogecoin (DOGE) failed to break above the 20-day EMA on Monday, indicating strong selling pressure and lack of demand at higher levels. As a result, DOGE dropped to $0.123. Buyers once again tried to push DOGE above the 20-day EMA and the price rose to $0.125. However, the bulls could not sustain the momentum and DOGE fell 5.90% on Wednesday with the bears pushing the price below the key $0.120 level to $0.118. In the current trading session, DOGE is firmly in the red and is trading at $0.112, down 4.49%.
With DOGE breaking below the $0.120 support, we could see a drop in the price to $0.10. If the bulls want to avoid this, they will have to push DOGE back above $0.120. A close above this level could see DOGE rebound to the 20-day EMA. Want to know more about the first-hand information and in-depth analysis of the cryptocurrency circle? Click on the homepage to view the introduction, which will bring you the latest market analysis and high-quality potential currency recommendations every day
