Dogecoin is Predicted to Drop to $0.077574 By Dec 08, 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 up 3.75% today against the US Dollar
  • DOGE/BTC increased by 3.29% today
  • DOGE/ETH increased by 4.08% today
  • Dogecoin is currently trading 30.77% above our prediction on Dec 08, 2022
  • Dogecoin dropped -21.53% in the last month and is down -51.77% since 1 year ago
Dogecoin price $ 0.101447
Dogecoin prediction $ 0.077574 (-23.53%)
Sentiment Neutral
Fear & Greed index 27 (Fear)
Key support levels $ 0.098780, $ 0.095211, $ 0.092946
Key resistance levels $ 0.104614, $ 0.106878, $ 0.110447

DOGE price is expected to drop by -23.53% in the next 5 days according to our Dogecoin price prediction

Dogecoin price today is trading at $ 0.101447 after gaining 3.75% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.89% in the same time period. DOGE performed well against BTC today and recorded a 3.29% gain against the world’s largest cryptocurrency.

According to our Dogecoin price prediction, DOGE is expected to reach a price of $ 0.077574 by Dec 08, 2022. This would represent a -23.53% 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 -21.53% in the last 30-days. The medium-term trend for Dogecoin has been bullish, with DOGE increasing by 60.64% in the last 3 months. The long-term picture for Dogecoin has been negative, as DOGE is currently displaying a -51.77% 1-year price change. On this day last year, DOGE was trading at $ 0.210340.

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 16.04. Dogecoin recorded 13 green days in the last 30 days.

Dogecoin technical analysis for today – Dec 03, 2022

The sentiment in the Dogecoin markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.098780, $ 0.095211 and $ 0.092946, while $ 0.104614, $ 0.106878 and $ 0.110447 are the key resistance levels.

Neutral sentiment for Dogecoin

16 indicators are currently signaling a bullish prediction for Dogecoin, while 16 indicators are showing a bearish forecast. With 50% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Dogecoin.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 27 (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 $ 0.103558 (SELL) $ 0.102349 (SELL)
MA5 $ 0.101513 (SELL) $ 0.102140 (SELL)
MA10 $ 0.094782 (BUY) $ 0.097973 (BUY)
MA21 $ 0.088733 (BUY) $ 0.093342 (BUY) $ 0.073165 (BUY) $ 0.082325 (BUY)
MA50 $ 0.087723 (BUY) $ 0.087626 (BUY) $ 0.101233 (BUY) $ 0.101682 (SELL)
MA100 $ 0.074678 (BUY) $ 0.081774 (BUY) $ 0.156876 (SELL) $ 0.111866 (SELL)
MA200 $ 0.072916 (BUY) $ 0.086850 (BUY) $ 0.079789 (BUY) $ 0.091915 (BUY)
Period Value Action
RSI (14) 58.32 NEUTRAL
Stoch RSI (14) 88.72 SELL
Stochastic Fast (14) 82.07 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 49.35 SELL
Awesome Oscillator (5, 34) 0.00 NEUTRAL
Momentum (10) 0.02 NEUTRAL
MACD (12, 26) 0.00 NEUTRAL
Williams Percent Range (14) -17.93 SELL
Ultimate Oscillator (7, 14, 28) 52.17 NEUTRAL
VWMA (10) 0.10 BUY
Hull Moving Average (9) 0.11 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.10 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 58.32, 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 Neutral. DOGE would have to decrease by -23.53% to hit our $ 0.077574 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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