Doge Price Prediction: Today’s Dogecoin Price, 12th Nov 2022
Doge price prediction – Here’s the latest Doge price prediction and Doge…
Today’s Dogecoin Price, 13th Nov 2022
Doge Price Prediction: Today’s Dogecoin Price, 13th Nov 2022
Doge price prediction – Here’s the latest Doge price prediction and Doge TO USD converted price you can find here
Doge price
Doge price today is $0.0902019 USD
Dogecoin’s value increased in 2021 as the cryptocurrency markets recovered, gaining popularity on social media and spurring the creation of additional coins with Shiba Inu dog themes.
In order to provide a framework for governance and support for the development of the project’s community, the Dogecoin Foundation was established in 2014. Elon Musk unusually favours DOGE over other cryptocurrencies.
Furthermore, even in the context of cryptocurrency markets, the price of Dogecoin fluctuates wildly because social media communities are to blame for notable price peaks and subsequent crashes that garner mainstream media attention.
Doge Price Prediction:
The price of dogecoin significantly dropped after the US midterm elections. Investors are speculating about what would occur after a 40% loss. Key levels have been set up to predict DOGE’s possible future action.
On November 8 during the midterm elections, Dogecoin, the most well-known dog-themed cryptocurrency in the world, fell 40%, startling the cryptocurrency market once more. The collapse may appear to be the most severe liquidation this fall, but DOGE still has the power to reverse the situation.
One dogecoin is now worth $0.087. The bears have broken both the 21-day simple moving average and the 8-day exponential moving average. According to a Fibonacci retracement tool, the present price is simply a 61.8% correction from the prior 160% surge in October. The Relative Strength Index is also at the midline and has crossed overbought territory on longer time periods.
It is still not appropriate to proclaim the DOGE bullrun of 2022 over in light of these factors. If the technical analysis is correct, DOGE might rise toward $0.17 and possibly $0.20 in the upcoming weeks. Indicating a minor accumulation within a downtrend, a doji candle near to the current price levels may entice bulls who have been absent from the market to return.
However, for the uptrend to continue in good shape, the push candle at $0.059 needs to remain untagged. If the level is breached, there is a significant likelihood that prices will continue to fall, maybe reaching the $0.049 lows from June. Such a change would cause Dogecoin’s price to drop by 44%.
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