DOGE Rising In an Interesting Pattern!

Dogecoin price prediction suggests the upward momentum inside an interesting parallel channel over the daily time frame chart. DOGE crypto broke out of the parallel channel and surged till $0.08162 but ended back inside the channel. Meanwhile, DOGE cryptocurrency has remained inside the rising parallel channel to recover maximum over the daily time frame chart. Investors in DOGE crypto need to wait until the DOGE crypto breaks out of the primary resistance level of $0.08162.

Dogecoin price was at $0.07805 and has gained 1.17% of its market capitalization during the day’s trading session. However, trading volume fell by 27.69% during intraday demonstrating that sellers are trying to accumulate for a pull back. Volume to market cap ratio was at 0.0298.

Dogecoin Price Prediction: When Will DOGE Reach $0.10? 

Dogecoin price prediction highlights the recovery phase of DOGE crypto over the daily time frame chart. DOGE crypto has been trading inside the rising parallel channel after getting support from the $0.05967 level. However, volume change is below average and needs to grow intraday. 

Meanwhile, DOGE crypto is trading above 20, 50, 100 and 200-days daily moving averages. Dogecoin price has gained 6.19% and 24.28% in a month. DOGE crypto has surged 10.75% year to date. DOGE is likely to recover maximum in 2023. Moreover, DOGE crypto price soared by 12.50% in a year.

Technical indicators suggest the upward momentum of Dogecoin price. Relative strength index (RSI) shows the uptrend momentum of DOGE crypto. Moving average convergence divergence (MACD) exhibits the surging momentum of DOGE crypto.

RSI was at 62 and is heading towards the overbought territory. The MACD line is above the signal line after a positive crossover. 

Investors in Dogecoin cryptocurrency need to wait until the crypto breaks out from the primary resistance and sustain.

Summary

Dogecoin price prediction indicates an upward trend within an intriguing parallel channel on the daily time frame chart. Meanwhile, the DOGE cryptocurrency has remained within the ascending parallel channel in order to recover the most on the daily time frame chart. DOGE coin has been trading within the ascending parallel channel since finding support at $0.05967. Technical indications indicate that the price of Dogecoin is rising. Investors must wait till DOGE crypto breaks out of the major resistance and sustains.

Technical Levels

Support Levels: $0.07595 and $0.07185

Resistance Levels: $0.08160 and $0.090

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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