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Dogecoin Price Prediction as DOGE Pumps Up 4% – Where Next?

Joel Frank
Last updated: | 1 min read
Dogecoin Chart / Source: TradingView

Dogecoin (DOGE) has pumped up a little over 4% on Friday, with the world’s most popular meme coin last trading close to $0.066.

That means DOGE has managed to recover back above its 21-Day Moving Average at $0.0635.

The Friday recovery comes as crypto markets shrug off reports that the SEC has told spot bitcoin ETF applicants that their filings are inadequate, with a helping hand from a downside surprise from the latest US PCE inflation report.

Price Prediction – Where Next for Dogecoin (DOGE)?

However, DOGE is still trading to the south of its other major moving averages such as the 50, 100 and 200DMAs, as well as a downtrend from the yearly highs.

As a result, Dogecoin price predictions remain pessimistic, with the cryptocurrency still likely to find resistance if it is able to retest resistance in the $0.08 area.

If Dogecoin was to recover back to the $0.08 area and then find strong resistance, a retest of yearly lows in the $0.0540 area would be on the cards.

Dogecoin (DOGE) Alternatives to Consider

Investors should always be on the lookout to diversify their crypto holdings.

One high-risk-high-reward investment strategy that some investors might want to consider is getting involved in crypto presales.

This is where investors buy the tokens of up-start crypto projects to help fund their development.

These tokens are nearly always sold very cheap and there is a long history of presales delivering huge exponential gains to early investors.

Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.

If an investor can identify such projects, the risk/reward of their presale investment is very good.

The team at Cryptonews spends a lot of time combing through presale projects to help investors out.

Here is a list of 15 of what the project deems as the best crypto presales of 2023.

See the 15 Cryptocurrencies

Disclaimer: This section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.