BNB -0.77%
BTC -1.08%
DOGE 1.00%
ETH -1.49%
PEPE -8.05%
XRP 0.08%
SHIB 7.44%
SOL 0.71%
presale is live

Dogecoin Price Prediction as DOGE Tumbles and Bounces Back – Is the Sell Off Over?

Arslan Butt
Last updated: | 1 min read


With a current price of $0.173 and a nearly 4% decline in the last 24 hours, Dogecoin’s trading volume stands at $2 billion, solidifying its position at #8 on CoinMarketCap.

The market cap for Dogecoin sits at $25billion, supported by a circulating supply of 144 billion DOGE coins.

Amidst the recent volatility in the cryptocurrency market, let’s take a look at Dogecoin price prediction today. 

Dogecoin Price Prediction

The current technical landscape of Dogecoin unveils critical price levels, with the pivot point resting at $0.1884. Immediate resistance looms at $0.2072, succeeded by higher barriers at $0.2283 and $0.2508.

Conversely, immediate support is observed at $0.1696, followed by lower thresholds at $0.1457 and $0.1235.

Technical indicators, including the Relative Strength Index (RSI) at 36 and the 50-day Exponential Moving Average (EMA) at 0.1882, suggest a bearish momentum.

Dogecoin previously breached an upward channel around the $0.2070 level, signifying a shift in sentiment.

The formation of bearish candles, coupled with a bearish crossover below the 50 EMA, reinforces the notion of a selling trend.

Dogecoin Price Prediction
Dogecoin Price Prediction

Presently, the market is characterized by a double top pattern, maintaining a bearish stance under the $0.1884 threshold.

In conclusion, the overall trend for Dogecoin is deemed bearish below the $0.1884 level. A breakthrough above this resistance could potentially inject bullish sentiment into the market, while a failure to do so might further strengthen the prevailing bearish bias.

Final Call: Invest in Sponge V2 Now for Exclusive Pre-Exchange Benefits

Sponge V2, evolving on the Ethereum network, is on the brink of its exchange debut, exhibiting remarkable progress and investor trust. From its initial launch at $0.000025, Sponge V2’s price has escalated to $0.001879, achieving a substantial growth of 7514.61%.

This crucial phase presents a final opportunity for investors to engage before Sponge V2 hits the exchange.

Key Highlights:

  • Exclusive Early Access: Acquire Sponge V2 tokens now to gain a 168% reward for early staking participants.
  • Impressive Growth: Witnessed an exponential increase of 7514.61% in its value, underscoring its success and market potential.
  • Strong Community Support: Over $20 million already committed to staking and bridging, indicating significant backing for Sponge V2.

  • Enhanced Earnings: Stake $SPONGE to accrue $SPONGEV2, starting with a 40% APY.
  • Ongoing Development: After listing, efforts will concentrate on enhancing V2, with V1 stakes becoming permanently locked.

This announcement acts as a critical reminder for those looking to leverage Sponge V2’s promise before it transitions to broader exchange accessibility.

Get Sponge V2 Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.