Doge Price Prediction – Here is the latest Doge Price Prediction and Converted Doge Price in USD which you can find here
Doge price today is $0.0902019 USD
Dogecoin’s value has increased in 2021 as cryptocurrency markets have recovered, gaining popularity on social media and spurring the creation of additional coins with Shiba Inu dog themes.
In order to provide a governance framework and support for the development of the project community, the Dogecoin Foundation was established in 2014. Elon Musk exceptionally favors DOGE over other cryptocurrencies.
Moreover, even in the context of the cryptocurrency markets, the price of Dogecoin fluctuates wildly because social media communities are to blame for notable price spikes and subsequent crashes that attract mainstream media attention. .
Doge Price prediction:
The price of dogecoin dropped significantly after the US midterm elections. Investors speculate on what would happen after a 40% loss. Key levels have been put in place to predict the possible future action of DOGE.
On November 8, during the midterm elections, Dogecoin, the world’s best-known dog-themed cryptocurrency, fell 40%, surprising the cryptocurrency market once again. The collapse may seem like the most serious sell-off this fall, but DOGE still has the power to turn things around.
A dogecoin is now worth $0.087. The bears broke both the 21-day simple moving average and the 8-day exponential moving average. According to a Fibonacci retracement tool, the current price is simply a 61.8% correction from the previous 160% surge in October. The relative strength index is also at the midline and has crossed overbought territory for longer periods.
It is still not appropriate to proclaim the end of the 2022 DOGE bullrun in light of these factors. If the technical analysis is correct, DOGE could rise towards $0.17 and maybe $0.20 in the coming weeks. Indicating minor accumulation in a downtrend, a doji candle close to current price levels may prompt bulls that have been absent from the market to return.
However, for the uptrend to continue, the push candle at $0.059 must remain untagged. If the level is breached, there is a high probability that prices will continue lower, possibly reaching the lows of $0.049 from June. Such a change would cause the price of Dogecoin to drop by 44%.