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Dogecoin Price Prediction: DOGE Pushes to the Upside

Susan Sarandon
Susan SarandonOriginal
2024-10-22 03:38:10400browse

The Dogecoin price prediction has shown strong bullish momentum recently, breaking through key resistance at $0.140 and continuing upward.

Dogecoin Price Prediction: DOGE Pushes to the Upside

DOGE price showed strong bullish momentum recently, breaking through key resistance at $0.140 and continuing upwards. After retesting this level, the price could move into a critical resistance zone between $0.145 and $0.150, where it could later serve as a major psychological level. The presence of several minor resistance points within this range makes it difficult to pinpoint the exact level of resistance, but overall, DOGE has maintained its bullish outlook.

According to the daily chart, the long-term outlook for DOGE remains positive. While a short-term pullback is expected, the coin’s strong fundamentals, coupled with sustained market interest, suggest that Dogecoin is on track to hit higher price levels in the coming weeks. Traders should prepare for temporary volatility but remain optimistic about DOGE's continued bullish performance. However, any bearish movement below the moving average could hit the supports at $0.120, $0.110, and $0.100.

Looking ahead, DOGE/USD faces strong resistance as the coin moves to cross above the upper boundary of the channel. The next target for the price is likely around $0.170, $180, and $0.190, respectively. A temporary pullback to the $0.135 or $0.130 level seems probable due to the resistance encountered and the usual market conditions during weekends. Traders should be cautious of this short-term resistance while focusing on broader market trends and volume dynamics.

Against Bitcoin, the DOGE price may break above the upper boundary of the channel if the coin remains above the 9-day and 21-day moving averages. However, if the coin spikes to the upside, the nearest resistance is set at 230 SAT. Technically, the price may follow the bullish movement as the 9-day MA crosses above the 21-day MA.

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