by Viktor A 

June 14, 2021

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Dogecoin Price Analysis 4% | Keep to 5% of your total portfolio allocation to Dogecoin.

The Dogecoin price has been suffering for the last few months and is currently trading at $0.0064. Recently, the price rose to $0.0069, which is a new all-time high. The altcoin has been in a downtrend for the last few months and the only factor that has been propelling it higher is the development of the Dogecoin software and the increase in the supply of the coin.

The Dogecoin price is currently 4% below the all-time high and moving in a sideways channel. The medium-term Dogecoin price trend is expected to be $0.0005880 and the long-term Dogecoin price trend is expected to be $0.0007171. The Dogecoin price is down 1.7% over the past 24 hours and down 8.5% over the past 7 days. The Dogecoin price is currently 16.6% above the low and up 7.1% from its all-time high.. Read more about dogecoin news and let us know what you think.

Summary of the situation

  • The Dogecoin price analysis focuses on the DOGE support line at $0.3.
  • Different technical indicators show different signals.
  • The dogecoin bulls seem to want to push DOGE towards the $0.34 and $0.4 price ranges.

The evolution of the dogecoin price this year has been nothing short of incredible. In 2021, Dogecoin was up over 12,000%. This price increase helped the cryptocurrency reach a new all-time high of $0.73 in late April. Despite an impressive price rally, the crypto-token fell back along with other cryptocurrencies during the stock market crash in May. At the time of writing, Dogecoin is trading at around $0.322.

Dogecoin Price Analysis: Price Overview

Tesla CEO and founder Elon Musk has consistently attributed positive price movements to Dogecoin. Many crypto-currency experts are familiar with the self-proclaimed Father of Doge because of his controversial tweets that can make or break a crypto asset. His tweets allowed Elon to influence the price of cryptocurrencies, leading many to call him a market manipulator.

At the time of writing, Dogecoin is still trading down from direct resistance at $0.35. $0.30 is currently the closest lower support line for Dogecoin and has provided support for the cryptocurrency on several occasions in recent days. Despite Dogecoin’s volatile price movement in recent days, the cryptocurrency seems to have consolidated around the $0.32 price. If the cryptocurrency manages to close the day above $0.35, Dogecoin bulls could gain momentum and push it to a higher price level.

Dogecoin price movement in the last 24 hours

Source: TradingView

Dogecoin price analysis
Dogecoin Price Analysis 4% | 2

According to technical indicators on the 24-hour chart, Dogecoin will be looking for a new entry-level if it breaks above the $0.35 resistance level.

This trend will steadily increase prices and stimulate market demand. After breaking through the $0.35 resistance level, the next stop for Dogecoin will be at $0.44, which is expected to set up a huge rise and strong rally. This will undoubtedly take Dogecoin to a new all-time high of around $0.76.

Despite optimistic price forecasts, Dogecoin could soon fall below its immediate $0.30 support line, which could lead to further declines below the $0.28 support line. If Dogecoin falls back to this level, the crypto asset could fall even further, marking the beginning of a hard downtrend.

Currently, the owners of Dogecoin do not know what they will do after the owner, Elon Musk, said that he is considering accepting bitcoin again as a means of payment. While this is good news for the cryptocurrency market, it could be bad news for Dogecoin, as it was hoped that the crypto-currency would be chosen to replace Bitcoin.

Graphical Dogecoin 4 hours

According to the MACD (Moving Average Convergence Divergence) indicator on the 4-hour chart, Dogecoin currently has a bullish outlook. Although the Trend-Momentum indicator is consolidated below the central line, the MACD line is currently above the signal line. Trading at $0.326, the $0.3 support line should hold up for the bulls to focus on pushing the crypto above the critical resistance barrier of the 100 simple moving average. The 100-day moving average coincides with the $0.34 price zone.

Supplement

Sustained price movements provide an excellent opportunity to accumulate DOGE coins for investors who want to buy them when prices are low. To buy a dog-themed crypto asset, you need to open an account on one of the reliable cryptocurrency exchange platforms like Binance. Once you have opened an account, you should be able to buy, sell and trade your crypto assets. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The Dogecoin Price Analysis 4% Dogecoin price analysis is performed for the 4% increase in Dogecoin price during the last 24 hours. Dogecoin price analysis has been one of the most prominent features on the cryptotradingsite.com website.. Read more about how to buy dogecoin and let us know what you think.

Frequently Asked Questions

Will Dogecoin reach $100?

Dogecoin price is currently trading at $0.0014, down 4% from the previous 24 hours. Since the beginning of the year, Dogecoin has been trading in a descending channel, which means that the price is in a downtrend. The cryptocurrency is currently moving sideways and is trading in a sideways range, which indicates that there is no upward momentum. In the case of a sideways range, the price has been moving in and out of a few small trading ranges. Dogecoin is one of the newest cryptocurrencies on the market, but it has already made a name for itself as a cryptocurrency with a loyal community. It is currently used for peer-to-peer transfers, and many people use it as a form of payment online. Right now, the Dogecoin price is rising, and you can expect it to reach $100 before the end of 2018.

Will Dogecoin ever reach $1 2020?

Dogecoin Price Analysis 4% | Will Dogecoin ever reach $1 2020? If you are a newbie to the crypto world, you might have come across Dogecoin (or DOGE) as one of the first crypto currencies to use a shiba inu as its logo. If you are a crypto veteran, you might know that Dogecoin is a rising coin with a lot of potential and is used in the same way as other coins. But do you know the future of Dogecoin price prediction? Dogecoin is a cryptocurrency with a market cap of $237,309,368. Its price is $0.001218 and its price 24 hours is $0.001214. It is 5.84% up in last 24 hours. Its circulating supply is 53,269,480,064, and its max supply is 53,269,480,064. Its current supply is 53,269,480,064.

How much will Dogecoin be worth in 5 years?

In the past two years, Dogecoin has become one of the world’s most popular alternative digital currencies. In its short lifetime so far, Dogecoin’s value has doubled and tripled. In this article we’ll take a look at Dogecoin’s meteoric rise and see what’s in store for it in the future. Dogecoin (DOGE) is a cryptocurrency that was created in December 2013. The mining difficulty has increased over time, and mining for Dogecoin is now unprofitable.

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About the author 

Viktor A

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