Dogecoin Dropped -5.30% in Last Month and is Predicted to Drop to $0.072369 By Dec 21, 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 -5.72% today against the US Dollar
  • Dogecoin is currently trading 14.56% above our prediction on Dec 21, 2022
  • Dogecoin dropped -5.30% in the last month and is down -54.70% since 1 year ago
Dogecoin price $ 0.082908
Dogecoin prediction $ 0.072369 (-12.71%)
Sentiment Bearish
Fear & Greed index 29 (Fear)
Key support levels $ 0.083012, $ 0.081487, $ 0.078615
Key resistance levels $ 0.087408, $ 0.090280, $ 0.091805

DOGE price is expected to drop by -12.71% in the next 5 days according to our Dogecoin price prediction

is trading at $ 0.082908 after losing -5.72% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.73% in the same time period. DOGE performed poorly against BTC today and recorded a -1.80% loss against the world’s largest cryptocurrency.

According to our Dogecoin price prediction, DOGE is expected to reach a price of $ 0.072369 by Dec 21, 2022. This would represent a -12.71% 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 -5.30% in the last 30-days. The medium-term trend for Dogecoin has been bullish, with DOGE increasing by 36.54% in the last 3 months. The long-term picture for Dogecoin has been negative, as DOGE is currently displaying a -54.70% 1-year price change. On this day last year, DOGE was trading at $ 0.183020.

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 low volatility recently – the 1-month volatility of the coin is at 9.23. Dogecoin recorded 11 green days in the last 30 days.

Dogecoin technical analysis for today – Dec 16, 2022

The sentiment in the Dogecoin markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.083012, $ 0.081487 and $ 0.078615, while $ 0.087408, $ 0.090280 and $ 0.091805 are the key resistance levels.

Bearish sentiment for Dogecoin

9 indicators are currently signaling a bullish prediction for Dogecoin, while 24 indicators are showing a bearish forecast. With 73% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Dogecoin.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 29 (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 $ 0.088019 (SELL) $ 0.084537 (SELL)
MA5 $ 0.089580 (SELL) $ 0.087373 (SELL)
MA10 $ 0.093670 (SELL) $ 0.091326 (SELL)
MA21 $ 0.096514 (SELL) $ 0.093482 (SELL) $ 0.075095 (BUY) $ 0.083175 (SELL)
MA50 $ 0.096807 (SELL) $ 0.090611 (SELL) $ 0.097725 (SELL) $ 0.100278 (SELL)
MA100 $ 0.078935 (BUY) $ 0.084897 (SELL) $ 0.155717 (SELL) $ 0.110033 (SELL)
MA200 $ 0.073682 (BUY) $ 0.087900 (SELL) $ 0.079279 (BUY) $ 0.090728 (SELL)
Period Value Action
RSI (14) 39.76 BUY
Stoch RSI (14) 0.00 BUY
Stochastic Fast (14) 5.78 BUY
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 34.84 SELL
Awesome Oscillator (5, 34) 0.00 NEUTRAL
Momentum (10) -0.02 NEUTRAL
MACD (12, 26) 0.00 NEUTRAL
Williams Percent Range (14) -94.22 BUY
Ultimate Oscillator (7, 14, 28) 40.32 NEUTRAL
VWMA (10) 0.10 SELL
Hull Moving Average (9) 0.09 BUY
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 39.76, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

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 -12.71% to hit our $ 0.072369 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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