The Dogecoin price prediction indicates the coin’s consolidation phase on the daily price chart.

The DOGE cryptocurrency is currently lagging behind the 20 EMA, but remains above the 50, 100, and 200-day daily moving averages.

The DOGE/BTC exchange rate was 0.000005619 BTC, down 0.80% intraday.

The Dogecoin price prediction shows that the coin is attempting to retrace to the higher price range of the long-term consolidation phase on the daily chart. But before the DOGE cryptocurrency can rise to the upper end of the price range, it must first break above the $0.110 mark. After the breakout, DOGE may soon find some commendable success. While the memecoin DOGE is trying to do extremely well in these challenging times, the entire cryptocurrency market is currently in disarray.

As of now, the valuation of Dogecoin is $0.096, and its market value fell by 0.86% yesterday. Meanwhile, intraday trading volumes fell by 25.26%. This could mean that sellers are preparing to let the price of DOGE drop.

The new DOGE cryptocurrency price is struggling to climb into the upper price range of the long-term consolidation phase on the daily chart. The coin needs to attract more buyers to stop the decline. Volume changes below normal now have to go up for the DOGE to recover. Meanwhile, the DOGE cryptocurrency is currently lagging behind the 20 EMA, but remains above the 50, 100, and 200-day daily moving averages.

What do technical indicators suggest for Dogecoin price?

Technical indicators show sideways movement of the DOGE cryptocurrency. The relative strength index emphasizes the DOGE integration phase. The RSI is at 51 and the target is to stay above neutral. During the consolidation phase, MACD shows DOGE down speed. After a negative cross, the MACD line is below the signal line. Investors in DOGE will have to wait until more buyers emerge and push the price of the token to a higher range.

Summarize

The Dogecoin price prediction suggests that the coin is attempting to retrace to the higher price range of the long-term consolidation phase on the daily chart. But before the DOGE cryptocurrency can rise to the upper end of the price range, it must first break above the $0.110 mark. After the breakout, DOGE may soon find some commendable success. Volume changes below normal now have to go up for the DOGE to recover. The RSI is at 51 and the target is to stay above neutral. During the consolidation phase, MACD shows DOGE down speed.

  techinque level

Support levels: $0.095 and $0.075

Resistance levels: $0.111 and $0.120