Price: $0.40026 3.8828%
Market Cap: 58.8B 1.7861%
Volume (24h): 12.32B 0.4%
Dominance: 1.7861%
Price: $0.40026 3.8828%
Market Cap: 58.8B 1.7861%
Volume (24h): 12.32B 0.4%
Dominance: 1.7861% 1.7861%
  • Price: $0.40026 3.8828%
  • Market Cap: 58.8B 1.7861%
  • Volume (24h): 12.32B 0.4%
  • Dominance: 1.7861% 1.7861%
  • Price: $0.40026 3.8828%
Home > Information news > DOGE price prediction as expert forecasts target above $0.10

DOGE price prediction as expert forecasts target above $0.10

Release: 2024/01/15 18:35 Reading: 845

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/65a5034a47f9cc748062a00a

With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those.

The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of the $0.074 support cluster, per a post on X by crypto analyst Ali Martinez on January 14.

TD sequential for Dogecoin on a 3-day price chart. Source: Ali Martinez

The TD sequential is a robust tool crafted to pinpoint the precise moment of trend fatigue and subsequent price reversal. As a counter-trend instrument, it addresses the limitations observed in various technical Analysis indicators that prove profitable in trending markets but exhibit suboptimal performance in sideways or ranging markets.

Another technical indicator is not so optimistic

Many technical indicators should be employed to determine whether a potential surge for DOGE is viable and to be expected soon.

Cryptocurrency

Brace for strong XRP correction; Here's why

Cryptocurrency

Fear & Greed index consistently declining amid fading Bitcoin ETF hype

Cryptocurrency

Cryptojacker sets up 1 million virtual servers mining millions in crypto illegally

Cryptocurrency

We asked ChatGPT what will be ETH price if Ethereum ETF is approved

Cryptocurrency

3 cryptocurrencies under $1 to buy next week

A relative strength index (RSI) is designed to chart the market’s present and past strengths or weaknesses, relying on the closing prices observed over a recent trading period.

Despite the rebound of the Dogecoin price, there are no optimistic indications in the daily relative strength index (RSI). A reading exceeding 50 and an upward trajectory signify a prevailing advantage for bulls, while readings below 50 are bearish. The daily RSI stands at 47 as of the press time.

Dogecoin price analysis

At the time of press, DOGE was trading at $0.0809, marking a daily decrease of -1.83%, contrary to the gains of 3.77% on the weekly chart and losing -16.22% in the previous month.

DOGE 24-hour price chart. Source: Finbold

Technical indicators are currently unfavorable for the DOGE price, leaning towards a ‘sell’ signal at 11, with moving averages aligning with a ‘sell’ recommendation at 10. On the other hand, oscillators maintain a neutral stance, registering a value of 9.

DOGE technical analysis. Source: TradingView

When looking at digital asset prices, it is essential to look at as many indicators as possible, as only then will investors be able to see the bigger picture. This helps in preventing unnecessary risks.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: https://thebittimes.com/doge-price-prediction-as-expert-forecasts-target-above-0-10-tbt76587.html

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.