Dogecoin Price Prediction for Today, January 4 – DOGE Technical Analysis

Dogecoin Price Prediction: Bullish Outlook Sustained

The Dogecoin price remains bullish, supported by its position above the 21-day moving average (MA) and the rising channel's midline.

Key Points:

• Current Dogecoin price: $0.383
• Market cap: $56.42 billion
• Circulating supply: 147.48 billion
• Total supply: 147.48 billion
• Coinmarketcap ranking: #7

Historical Performance and Current Market Activity:

Dogecoin has witnessed remarkable growth since its inception, surging over 449,559% from its all-time low in 2015. While currently trading below its all-time high, DOGE remains a significant player in the cryptocurrency market.

Technical Analysis:

• DOGE/USD is trading above the 9-day and 21-day MAs, within the ascending channel.
• Resistance levels: $0.500, $0.550, $0.600
• Support levels: $0.255, $0.205, $0.155

Price Prediction:

The gradual recovery in DOGE/USD indicates a resurgence in bullish momentum, with the price targeting resistance at $0.400. A breakout above $0.500 could signal a stronger bullish rally towards $0.550 and $0.600. However, rejection at these resistance levels may lead to a pullback to support zones around $0.300 or critical supports at $0.255, $0.205, and $0.155.

DOGE/BTC:

DOGE/BTC shows a slight bullish momentum above the 9-day and 21-day MAs, within the ascending channel structure.

• Resistance levels: 500 SAT, 550 SAT
• Support levels: 350 SAT, 280 SAT, 255 SAT

Alternatives to Dogecoin:

Dogecoin's price refreshed to a new high after touching a daily low of $0.376, reaching the resistance level of $0.400. Wall Street Pepe, a meme coin, is gaining momentum with daily transactions exceeding $500,000.

Disclaimer:

The information provided in this article is for informational purposes only and should not be considered financial advice.