DOGECOIN MASSIVE PUMP TODAY !! DOGECOIN PRICE PREDICTION

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Synopsis: Dogecoin price action tanked on Monday, following the rest of the cryptocurrency market’s massive collapse. DOGE closed Monday with an 18% loss, just slightly above the daily low that constituted 20% decline overall. But a change in direction may be coming soon.
Dogecoin price today is $ 0.091, with a 24 hour trading volume of $ 2.03B, market cap of $ 12.16B, and market dominance of 0.90%. The DOGE price decreased -20.22% 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 $ 0.074 cycle low. The highest DOGE price since the last cycle low was $ 0.0940 cycle high. The Dogecoin price prediction sentiment is currently bearish.

Dogecoin’s current circulating supply is 132.69B DOGE, out of max supply of 0.00 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 decreased by -35.84%, in the last 1 month. DOGE is down -11.26% against Ethereum and down -11.76% against Bitcoin in the last 1 month.

According to our current Dogecoin price prediction, the value of Dogecoin will drop by -7.84% and reach $ 0.083, by May 16, 2022. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index is showing Extreme Fear. Dogecoin recorded 40%, green days with 7.08% 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 $ 0.108, Dogecoin has support levels of $ 0.099, $ 0.091, and the strongest at $ 0.081. Similarly, Dogecoin resistance levels are at $ 0.117, $ 0.126, and $ 0.134.

A hypothetical long entry for Dogecoin price now exists on its $0.005 3 box reversal Point and Figure chart. The setup is a buy stop order at $0.12, a stop loss at $0.105, and a profit target at $0.22. In addition, a trailing stop of two to three-box is an option and would help protect against any implied profit made post entry.

The long setup for Dogecoin price is based on a Spike Pattern. The Spike Pattern in Point and Figure is a column with fifteen, or more Xs or Os. It is considered a move that has hit an extreme, and is due for a strong corrective move that can often convert into a broader trend change. The projected profit target is below the dominant, bear market angle red diagonal line. It is also the 50% Fibonacci retracement on the weekly Ichimoku chart. The hypothetical long setup represents a 6.1 reward for the risk. There is no invalidation point on a Spike Pattern because the entry, is always on the 3 box reversal. If the current O-column moves lower, then the entry and stop loss for Dogecoin price moves, in tandem with the new low. The profit target remains the same.

#DOGECOIN #DOGE #COIN

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