Dogecoin Price Analysis

While 73% of $DOGE owners make a profit, 25% make a loss. DOGE total open interest (OI) is down 0.26% on crypto exchanges in the last 24 hours. Cryptocurrency market experts predict that the Dogecoin price will reach $0.41 in 2024.

#Dogecoin‬⁩ price action is within a broader falling channel spanning 106 days. The asset fell below a critical support level on June 17, creating lower prices. Getting back from this support to resistance will likely be a challenge for Dogecoin. 

#Doge price is trending below the 21-day, 50-day and 200-day simple moving averages (SMA), which are not bullish for the asset. Moreover, the Dogecoin price prediction suggests that the asset may break lower while a bear flag flashes on the daily timeframe. This breakout to the downside could result in an 18% drop to $0.085.