Dogecoin Price Prediction: DOGE price could decline to almost $0.18

At the time of writing, one Dogecoin is equal to is $0.239, which is almost 0.77 per cent less than one day ago. However, it seems difficult for the coin to see any increase in the price. Some experts believe because of overselling of the virtual currency.

The price can further decline to almost 0.18 USD. In the past few days and weeks, the 5th largest cryptocurrency has seen several sales of its coins by traders and investors.

In recent days, many of the sellers sold their coins, and thus the price of the currency witnessed a bearish trend.

Furthermore, the threshold to keep Dogecoin from declining becomes difficult to overcome. Therefore, as mentioned above, the price of the digital coin has dropped around 0.77 per cent.

In contrast, some experts and investors claim that the price of altcoin could also drop to almost 75 per cent and end up at 0.08 USD.

Dogecoin Price Analysis

As per the technical analysis alone, the Overall 24 hours Recommendation is Neutral. At the same time, none of the 3 Momentum Metrics stayed positive. In the last 30 days, digital currency has shown a bearish trend and signal. Also, the price has decreased in the past month.

If we look at the graph, the 2021 volume profile shows a thinly traded range somewhere between $0.18 and $0.08. This implies that little or no trading has occurred among these price levels.

DOGE/USDT Price Forecast. Source: Trading View

That is a negative sign because the price treats these low-volume levels as a vacuum. Moreover, this high-volume node does not appear as low as $0.08 – $0.09.

Also Read: Shiba Inu coin price has dipped after the previous Bull Run

Dogecoin Price Prediction for 2021

In the upcoming 24 hours, the meme-based crypto coin will have a price somewhere between $0.20 and $0.24. As we all know, the moon mission, which is supposed to go with the funds of Dogecoin.

These funds will help to carry all the expenses that the satellite will have. Because of this mission, there remains little interest to support Dogecoin.

Moreover, one tweet from Elon Musk could also turn the entire game for this coin and reach its ATH price. We can only give you the estimated price of this digital coin.

Platform End of 2021
Wallet Investor$0.293
Coin Forecast$0.32
Coinpedia$0.94
Longforecast$0.30

As we mentioned above, these predictions are based on technical analysis alone and with the help of some experts. Therefore, don’t take these predictions as a piece of financial as well as a piece of investment advice.

Before investing in cryptocurrencies, particularly Dogecoin, do your research and then invest your savings in it.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Latest News

0
Would love your thoughts, please comment.x
()
x