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The Dogecoin price prediction is currently changing hands at $0.067 as the Relative Strength Index (14) moves into the overbought region.
Key Levels:
Resistance levels: $0.080, $0.085, $0.090
Support levels: $0.055, $0.050, $0.045
DOGE/USD is still keeping the upward movement as its price moves to the north with a gain of over 7.00%. At the time of writing, the Dogecoin price stays above the 9-day and 21-day moving averages and touches the daily high at $0.069, supported by the downside at $0.062, within tight conditions.
During the European session today, the Dogecoin price followed a slight upward trend after the bullish rally failed to materialize above the daily high of $0.069. However, the coin failed to clear the hurdles above the upper boundary of the channel but a few hours after that, the bulls step back into the market as they keep the coin above the moving averages. A break above the upper boundary of the channel may provoke a bull run toward the resistance levels of $0.080, $0.085, and $0.090 respectively.
Meanwhile, the daily chart reveals that DOGE/USD may tend to move higher as the technical indicator moves into the overbought region. Nevertheless, if the buyers failed to push the market above the upper boundary of the channel, the market price may slump below the 9-day and 21-day moving averages to reach the support levels of $0.055, $0.050, and $0.045.
When compares with Bitcoin, the Dogecoin price is attempting to cross above the upper boundary of the channel in other to reach the nearest resistance at 350 SAT. Unless this coin crosses above the trend line and the price end up closing above it, there might not be any reason to expect a bullish reversal.
However, any bearish movement towards the lower boundary of the channel could refresh lows below the moving averages and a possible bearish continuation may likely meet the closest support at 300 SAT before falling to 285 SAT and below while the buyers could push the market to hit the resistance at 365 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) heads toward the overbought region to confirm the bullish movement.
The first phase of the IMPT presale is underway, with each token trading at $0.018. However, the Impact tokens will be sold at $0.023 each in the second stage. And the price of the asset is expected to rise further in the third stage.
The pre-sale of Dash 2 Trade got off to a great start, raising over $2 million in just a few days. In the first stage, the price was just $0.0476 and now it has risen to $0.05. In the third stage of the pre-sale, the price will go up to $0.0513.
Dash 2 Trade – High Potential Presale
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Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management. Azeez provides daily articles covering the price movements of major cryptocurrencies., and has contributed to a range of respected publications and trading magazines. Find his other published work on Learn2.trade, and CryptoSignals.org.
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