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DOGE/USD Trades Above $0.085 Level

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The Dogecoin price prediction shows that DOGE may shoot to the upside as the bulls prepare to take the coin to higher levels.

Dogecoin Prediction Statistics Data:

  • Dogecoin price now – $0,086
  • Dogecoin market cap – $11.5 billion
  • Dogecoin circulating supply – 132.6 billion
  • Dogecoin total supply – 132.6 million
  • Dogecoin Coinmarketcap ranking – #9


Key levels:

Resistance levels: $0.150, $0.160, $0.170

Support levels: $0.038, $0.028, $0.018

DOGE/USD is trading above $0.085 as the coin trades near the 9-day moving average to touch the resistance level of $0.087. The Dogecoin price may continue to move upwards if the price crosses above the 21-day moving average. Meanwhile, DOGE/USD could reach the resistance level of $0.100 if the bulls focus on the upward trend.

Dogecoin Price Prediction: DOGE Gets Ready for a Spike

The Dogecoin price could move to the positive side should the 9-day moving average cross above the 21-day moving average. Meanwhile, the technical indicator Relative Strength Index (14) shows that the coin may move sideways as the signal line moves in the same direction below the 50-level. Therefore, there is a higher chance that if the coin crosses above this level, it may find the potential resistance levels at $0.150, $0.160, and $0.170.

On the contrary, if the coin slides below the lower boundary of the channel, it could hit the nearest support at $0.050. However, any bearish movement below this level may bring the coin to critical supports at $0.038, $0.028, and $0.018 respectively.

Against Bitcoin, the Dogecoin price is likely to head to the upside if it crosses above the 9-day and 21-day moving averages. Nevertheless, if the bullish movement begins, the next level of resistance may surface, and this may cause DOGE/BTC to locate the key resistance at 780 SAT and above.

DOGEBTC-Daily Chart

Meanwhile, on the downside, the Dogecoin price could face the nearest support at 400 SAT. Beneath this, the critical support level could be located at 280 SAT and below. At the moment, the 9-day MA remains below the 21-day MA while the technical indicator Relative Strength Index (14) moves above the 50-level which could increase the bullish movement. Meanwhile, if the signal retreats below the 50 level, traders are likely to expect bearish pressure in the market.

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