Dogecoin Dropped -19.61% in Last Month and is Predicted to Drop to $0.069244 By Dec 11, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Dogecoin is down -3.52% today against the US Dollar
  • DOGE/BTC decreased by -3.00% today
  • DOGE/ETH decreased by -2.62% today
  • Dogecoin is currently trading 43.28% above our prediction on Dec 11, 2022
  • Dogecoin dropped -19.61% in the last month and is down -42.88% since 1 year ago
Dogecoin price $ 0.099215
Dogecoin prediction $ 0.069244 (-30.21%)
Sentiment Bearish
Fear & Greed index 25 (Extreme Fear)
Key support levels $ 0.097542, $ 0.093571, $ 0.087287
Key resistance levels $ 0.107797, $ 0.114081, $ 0.118052

DOGE price is expected to drop by -30.21% in the next 5 days according to our Dogecoin price prediction

is trading at $ 0.099215 after losing -3.52% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.57% in the same time period. DOGE performed poorly against BTC today and recorded a -3.00% loss against the world’s largest cryptocurrency.

According to our Dogecoin price prediction, DOGE is expected to reach a price of $ 0.069244 by Dec 11, 2022. This would represent a -30.21% price decrease for DOGE in the next 5 days.

DOGE Price Prediction Chart

Buy/Sell Dogecoin

What has been going on with Dogecoin in the last 30 days

Dogecoin has been displaying a negative trend recently, as the coin lost -19.61% in the last 30-days. The medium-term trend for Dogecoin has been bullish, with DOGE increasing by 64.10% in the last 3 months. The long-term picture for Dogecoin has been negative, as DOGE is currently displaying a -42.88% 1-year price change. On this day last year, DOGE was trading at $ 0.173697.

Dogecoin reached its all-time high price on May 08, 2021, when the price of DOGE peaked at $ 0.738595. The current DOGE cycle high is $ 0.156883, while the cycle low is at $ 0.049701. DOGE has been displaying high volatility recently – the 1-month volatility of the coin is at 12.20. Dogecoin recorded 13 green days in the last 30 days.

Dogecoin technical analysis for today – Dec 06, 2022

The sentiment in the Dogecoin markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 0.097542, $ 0.093571 and $ 0.087287, while $ 0.107797, $ 0.114081 and $ 0.118052 are the key resistance levels.

Bearish sentiment for Dogecoin

15 indicators are currently signaling a bullish prediction for Dogecoin, while 16 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Dogecoin.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 25 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Dogecoin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Dogecoin is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 0.102190 (SELL) $ 0.104319 (SELL)
MA5 $ 0.102979 (SELL) $ 0.102670 (SELL)
MA10 $ 0.098858 (BUY) $ 0.099717 (SELL)
MA21 $ 0.090229 (BUY) $ 0.095030 (BUY) $ 0.074481 (BUY) $ 0.083862 (BUY)
MA50 $ 0.089465 (BUY) $ 0.088788 (BUY) $ 0.101837 (SELL) $ 0.102504 (SELL)
MA100 $ 0.075395 (BUY) $ 0.082588 (BUY) $ 0.156299 (SELL) $ 0.112123 (SELL)
MA200 $ 0.073068 (BUY) $ 0.087156 (BUY) $ 0.079530 (BUY) $ 0.091867 (BUY)
Period Value Action
RSI (14) 56.66 SELL
Stoch RSI (14) 99.82 SELL
Stochastic Fast (14) 76.63 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 51.93 BUY
Awesome Oscillator (5, 34) 0.01 NEUTRAL
Momentum (10) 0.01 NEUTRAL
MACD (12, 26) 0.00 NEUTRAL
Williams Percent Range (14) -23.37 NEUTRAL
Ultimate Oscillator (7, 14, 28) 52.96 NEUTRAL
VWMA (10) 0.10 BUY
Hull Moving Average (9) 0.10 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.09 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Dogecoin is at 56.66, suggesting that DOGE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Dogecoin over the last 50 days. Currently, Dogecoin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the DOGE closing price for the last 200 days. DOGE is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Dogecoin prediction

After considering the above factors, we can conclude that the current forecast for Dogecoin price prediction is Bearish. DOGE would have to decrease by -30.21% to hit our $ 0.069244 target within the next five days. Moving forward, it will be important to monitor the DOGE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Dogecoin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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