Dogecoin Price Analysis & Prediction (April 18th) – DOGE Remains Bullish Amidst Latest Price Drop, Gains 1% Today

2023-4-19 08:06

While some altcoins posted losses today, Dogecoin remains bullish amidst the latest reduction across the crypto space. The price is still up by 1% as it looks poise to tap more gains.

Earlier this month, Dogecoin’s price exploded briefly above the $0.1 level following a fundamental announcement and sentiments surrounding the leading meme coin that day. The price saw a rejection there and rolled down the following day. 

It corrected lower and bounced back in the past week. The price increased steadily by the day until it retraced a little today due to rejection. Notwithstanding, the bulls are still in control of the trend. 

But if we look at the price actions on the lower time frame, we can see that the cryptocurrency has drawn back a bit, looking for a solid support level to hold pressure. As a result of this, the price now trades around $0.0913. 

Although DOGE’s volatility has been moderate since it started recovery. Let’s consider increasing volatility for the next couple of days, we can expect the price to keep rising until it reaches an exhaustion point. 

If the bearish actions continue to hit the market, it may shed some losses as volatility decreases. But right now, the positive actions look intact as more highs could still come into play.

DOGE’s Key Level To Watch Source: Tradingview

There is not much room for the bears right now despite the latest price drops. In case of more cuts, the levels to watch as support lies at $0.0854, $0.079 and $0.0727 concurrently. 

For more bullish actions, the resistance levels to keep in mind are $ 0.1 and $0.105 once it manages to climb above the holding $0.092 level. The next important resistance to pay attention to is $0.112 and $0.12.

Key Resistance Levels: $0.1, $0.105, $0.112

Key Support Levels: $0.0854, $0.079, $0.0727

Spot Price: $0.091 Trend: Bullish Volatility: Moderate

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: zieproject/123RF // Image Effects by Colorcinch

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price dogecoin amidst latest today bullish gains

Источник: nulltx.com

price dogecoin → Результатов: 126


Why Is Dogecoin Price Down Today?

The Dogecoin price is down around 5% in the last day following the general market crash. The meme coin which had seen improved sentiment did a quick 180 and started to bleed. However, while the Dogecoin price could only be following Bitcoin’s descent, are there other factors driving the decline? Why Is Dogecoin Price Falling? One reason that the Dogecoin price is down today is due to its proximity to Shiba Inu.

2023-8-18 02:00


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