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Synopsis: 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.
Dogecoin price right now is $ 0.138, with a 24-hour trading volume of $ 959.67M, market cap of $ 18.38B, and market dominance of 0.93%. The DOGE price decreased -2.01% in the last 24 hours. Moreover, 4/20 is celebrated as a meme day, the chances of the original meme coin aka Dogecoin pumping are high.
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 132.80B DOGE, out of max supply of 180B 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 12.88% in the last 1 month. DOGE is up 10.33%, against Ethereum and up 15.71% against Bitcoin in the last 1 month.
According to our current Dogecoin price prediction, the value of Dogecoin will drop by -15.21% and reach $ 0.117, by April 26, 2022. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index is showing Fear. Dogecoin recorded 60%, green days with 4.76% 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, with the value of $ 0.142, Dogecoin has support levels of $ 0.138, $ 0.135, and the strongest at $ 0.131. Similarly, Dogecoin resistance levels are at $ 0.145, $ 0.149, and $ 0.152. Dogecoin price is positively correlated with the top 10 coins by marketcap with a value of 0.231, excluding Tether, and positively correlated with the top 100 coins, by marketcap excluding all stablecoins with a value of 0.288. To get a better idea of what could happen to the Dogecoin price in the future, it’s helpful to also explore Dogecoin’s price history. In the last month, the DOGE USD pair is up 12.88%. The 1-year performance of DOGE USD is -61.74%.
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