Dogecoin Gained 1.84% in Last Month and is Predicted to Reach $ 0.089803 By May 06, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Dogecoin is down -3.32% today against the US Dollar
• Dogecoin is currently trading 12.13% below our prediction on May 06, 2023
• Dogecoin gained 1.84% in the last month and is down -39.95% since 1 year ago

DOGE price is expected to rise by 13.75% in the next 5 days according to our Dogecoin price prediction

Dogecoin price today is trading at $ 0.078906 after losing -3.32% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.55% in the same time period. DOGE performed poorly against BTC today and recorded a -0.60% loss against the world’s largest cryptocurrency.

According to our Dogecoin price prediction, DOGE is expected to reach a price of $ 0.089803 by May 06, 2023. This would represent a 13.75% price increase for DOGE in the next 5 days.

DOGE Price Prediction Chart

Buy/Sell Dogecoin

What has been going on with Dogecoin in the last 30 days

Dogecoin has been displaying a positive trend recently, as the coin gained 1.84% in the last 30-days. The medium-term trend for Dogecoin has been bearish, with DOGE dropping by -14.45% in the last 3 months. The long-term picture for Dogecoin has been negative, as DOGE is currently displaying a -39.95% 1-year price change. On this day last year, DOGE was trading at $ 0.131400.

Dogecoin reached its all-time high price on May 08, 2021, when the price of DOGE peaked at $ 0.738595. The current DOGE cycle high is $ 0.156883, while the cycle low is at $ 0.049701. DOGE has been displaying low volatility recently – the 1-month volatility of the coin is at 6.18. Dogecoin recorded 15 green days in the last 30 days.

Dogecoin technical analysis for today - May 01, 2023

The sentiment in the Dogecoin markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.079030, $ 0.078237 and $ 0.076886, while $ 0.081174, $ 0.082525 and $ 0.083318 are the key resistance levels.

Bearish sentiment for Dogecoin

4 indicators are currently signaling a bullish prediction for Dogecoin, while 25 indicators are showing a bearish forecast. With 86% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Dogecoin.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 63 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Dogecoin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Dogecoin is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Dogecoin is at 45.74, suggesting that DOGE is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Dogecoin over the last 50 days. Currently, Dogecoin is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the DOGE closing price for the last 200 days. DOGE is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Dogecoin prediction

After considering the above factors, we can conclude that the current forecast for Dogecoin price prediction is Bearish. DOGE would have to increase by 13.75% to hit our $ 0.089803 target within the next five days. Moving forward, it will be important to monitor the DOGE market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Dogecoin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.