$DOGE Price Prediction: The Last Dip - BeinCrypto Analytics

DOGE’s technical setup assessed on a one-day chart shows it trades below its 20-day exponential moving average (EMA). When an asset trades under this key moving average, which tracks its average price over the past 20 trading days, selling pressure outweighs buying activity.

If Dogecoin’s selloffs continue, its price may fall toward the lower line of its falling wedge at around $0.085, representing support. However, if this support level holds, the market may see a shift in trend from negative to positive.

Indeed, Dogecoin could then rally toward the falling wedge’s upper boundary at $0.110. Breaking past this critical resistance level will trigger a 40% price breakout to $0.142.