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DOGE Drops to $0.15: Price Prediction
Dogecoin (DOGE) is trading at $0.1522, down 1.77% in 24 hours with $819 million in trading volume. Dogecoin ranks #9 on CoinMarketCap with 144 billion DOGE coins in circulation and a $22 billion market valuation.
Dogecoin is hovering at $0.15. This price forecast analyzes its future goals.
DOGE's 4-hour chart pivot point around $0.15100 suggests a bullish Dogecoin price forecast. The immediate barrier is $0.15950, followed by $0.16980 and $0.18440.
Support levels on the downside are $0.14270, $0.13240, and $0.12030. The RSI is 53, suggesting neutral circumstances. Above the 50-day Exponential Moving Average (EMA) of $0.15130, the market is positive.
Dogecoin faces a major obstacle at $0.1545 with its symmetrical triangular layout. The 50-day EMA remains supportive at $0.1513.
The present market price above the 50 EMA is optimistic, but Dogecoin needs break over $0.1595 to continue rising. The RSI over 50 supports a purchasing trend, bolstering this forecast.
Predict Dogecoin PriceIf Dogecoin stays above $0.15100, it might push prices into resistance levels around $0.15950, $0.16980, and $0.18440.
A breach below this pivot mark might start a steep selling trend toward $0.14270, $0.13240, and $0.12030. Dogecoin's near-term trajectory depends on the market's reaction to these levels.
Finally, Dogecoin's technical prognosis over $0.15100 is optimistic. The first challenge is $0.15950, followed by $0.16980 and $0.18440.
The RSI implies additional advances, although care is advised if Dogecoin goes below the pivot point. The 50-day EMA around $0.15130 supports the rise.
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