Dogecoin (DOGE) Price Prediction: DOGE Crypto Has the Potential to Gain 30% Next Week

Dogecoin (DOGE) price has witnessed sharp buying momentum after the breakout from a falling wedge. The token's price surged by 76% since September, heading towards a multi-year high.

Dogecoin (CRYPTO: DOGE) price witnessed a sharp buying momentum after breaking out from the falling wedge. The token price has increased by v since September, heading towards a multi-year high. It gained support from the 20-day EMA, triggering a pullback and jumping 5 within a few days.

DOGE price reached the last swing high and saw a decline of 3.23%. If buyers remain in the game, a short-term pullback can be expected. Let's examine how Dogecoin price reacted in the $0.1800 region.

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Technical Analysis of DOGE Price on 4-Hour Time Chart

In the 4-hour time frame, the DOGE crypto price saw a strong rise. The price showed a retracement with a small decline. It received support from the previous critical level of $0.130 and moved positively.

The bullish trend is down 3.23% in the last few hours, approaching the $0.176 level. Short-term profit taking may be seen and buying pressure may be expected as the market is bullish. If buyers take care and push the price above the last swing high, another rally can be expected.

Does DOGE price have the potential to gain 0 next week?

At press time, DOGE price was trading at $0.169 with a daily loss of 3.49%. Its market capitalization was $24.84 billion, ranking it 8th among major players. The largest memecoin and among the top ten strongest cryptocurrencies.

DOGE crypto has reached the $0.176 supply zone. Previously, the price received selling pressure twice. Here the crypto asset price may lose momentum and a slight decline may be seen.

If the price falls below $0.155, sellers may dominate and a pullback scenario may be difficult. Losing this level may invite sellers and strong selling pressure may occur.

On the other hand, buyers may show interest if the digital asset price exceeds $0.176 with good volume. Here buyers may be aiming for heights spanning years. A slight pullback could lead to a gain of around 0 next week.

According to technical indicators, the price was trading above major moving averages. This showed the strength of the bulls. The RSI was in the overbought zone and remained above the RSI-based moving average.

Dogecoin Price Prediction

DOGE price chart showed significant upward momentum with P rising in October. It also showed strong buying activity after breaking out of the falling wedge formation.

Currently trading around $0.169, the price encountered resistance at $0.176. There the token experienced some profit selling.

However, there is a possibility of further gains with strong bullish indicators and potential support levels. It can reach a height that spans years.

The price could remain above the critical $0.155 level and break the $0.176 resistance with significant volume. In this case, another gain of approximately 0 can be expected next week.

The opinions of the author or anyone mentioned in this article are for informational purposes only and do not constitute any investment, financial or other advice. Trading or investing in cryptocurrency assets carries the risk of financial loss.

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