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Synopsis: Dogecoin price right now is $ 0.136, with a 24-hour trading volume of $ 971.39M, market cap of $ 18.10B, and market dominance of 0.94%. The DOGE price decreased -3.44% in the last 24 hours.
Dogecoin reached its highest price on May 8, 2021 when it was trading at its all-time high of $ 0.738. The lowest price since it’s ATH was $ 0.108 cycle low. The highest DOGE price since the last cycle low, was $ 0.178 cycle high. The Dogecoin price prediction sentiment is currently bearish.
Dogecoin’s current circulating supply is 132.67B DOGE, out of max supply of 175B DOGE. In terms of market cap, Dogecoin is currently ranked 3 in the Proof-of-Work sector, and ranked 1 in the Meme Coins sector. Dogecoin price in US Dollar has increased by 11.17%, in the last 1 month. DOGE is up 11.45% against Ethereum and up 16.76%, against Bitcoin in the last 1 month.
According to our current Dogecoin price prediction, the value of Dogecoin will drop by -8.89% and reach $ 0.124 by April 26, 2022. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index is showing Fear. Dogecoin recorded 59%, green days with price volatility over the last 30 days. Based on our Dogecoin forecast, it’s now a bad time to buy Dogecoin. Based on today’s classical pivot point (P1) with the value of $ 0.137, Dogecoin has support levels of $ 0.133, $ 0.130, and the strongest at $ 0.125. Similarly, Dogecoin resistance levels are at $ 0.141, $ 0.145, and $ 0.148.
Dogecoin price crashed roughly 85%, from its peak at $0.740 to $0.109 in roughly 308 days, This downswing has produced three distinctive lower, highs and lower lows, which when connected using trend lines reveal a falling wedge pattern.
The said technical formation forecasts a 68% upswing, obtained by adding the distance between the first swing high, and swing low to the breakout point. Since last week, Dogecoin price has edged closer to the upper trend line, in an attempt to break higher.
Interestingly, DOGE is already hovering above the upper trend line, but a confirmation of the breakout is not here yet. Assuming a breakout occurs around $0.140, extrapolating shows that the target after a 68% upswing will be $0.233. Perhaps the most important on-chain metric that aptly reveals the bullish outlook for Dogecoin, price is the 365-day Market Value to Realized Value.
This on-chain metric is used to determine, the average profit/loss of investors that purchased DOGE over the past year. Based on Santiment’s research, a value below -10%, indicates that short-term holders are at a loss, and are less likely to sell. More often than not, this is where long-term holders accumulate. Hence, any move below -10% is termed an “opportunity zone.”
#dogecoin #doge #crypto #coin
2 Comments
The crypto market seems unfavorable at the moment, I've been holding some crypto for a while now and I'm getting really impatient, is there any other way i could earn from this market?
< I totally agree with what you are saying….The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Tom Brown.