Predicția prețului Dogecoin: DOGE se pregătește pentru o creștere a prețurilor de 60%.

TL; Defalcare DR

• Dogecoin price prediction highlights DOGE’s price stabilization around the 100 12-hour Moving Averages.
• Although Dogecoin appears to be consolidating, the crypto coin is projected to move towards a significant resistance barrier.
• If Dogecoin moves past this key resistance barrier, the crypto coin could skyrocket towards the $0.6 mark.

Since the May 19 market crash, Dogecoin has registered a 67 percent price rebound. Even though Dogecoin’s price action is taking a downward trend at the time of writing, recent developments suggest the crypto coin is up for a significant bullish leg.

Predicția prețului Dogecoin: Prezentare generală a prețului

În momentul scrierii, Pretul Dogecoin action seems to be consolidating after weeks of bullish price movements. Dogecoin’s recent bullish leg saw the crypto coin hit a new all-time high of over $0.74. At present, Dogecoin enjoys unwavering support from Tesla CEO and serial entrepreneur Elon Musk due to his preference for dogs and memes. It is worth noting that every time Elon tweets, his actions end up favoring Dogecoin bulls.

Looking at Dogecoin’s weekly price chart, the recent price dip saw DOGE plummeting to $0.21 to record a 70 percent price dip from its latest ATH. Since May 8, the Dogecoin price movement has continuously recorded lower highs and lower lows to form a descending parallel channel on its 12-hour price chart.

At present, Dogecoin’s price action appears to be heading towards a turning point from the recent market plunge. Currently, Dogecoin is moving towards the parallel channel’s upper boundary. Moving above this barrier could see Dogecoin record a 60 percent price surge to push the crypto token towards the $0.6 mark.

Mișcarea prețului Dogecoin în ultimele 24 de ore

On looking at Dogecoin’s 24-hour price movement, it is evident that DOGE depreciated by about 6 percent during Tuesday’s trading session. This price action partially reversed a 19 percent price surge from Monday’s trading session; Dogecoin closed the day at around $0.35. During today’s early morning comercial session, Dogecoin started the day with a bullish start, recording an Intraday high of $0.381 before hitting the reverse gear.

Despite the bullish start, Dogecoin failed to move past its first significant resistance barrier at around $0.4. The late morning price reversal saw the coin record an Intraday low at $0.323. This saw Dogecoin steer clear of its $0.32 major support level. At the time of writing, Dogecoin is schimbând hands at around $0.3517. So far, Dogecoin’s price movement has seen the crypto coin leave major support and resistance barriers untested.

Diagrama Dogecoin de 4 ore

The current $0.3517 coincidentally falls between the supply region that ranges between $0.35 to $0.37. According to the IntoTheBlocks In/Out of the Money Around Price (IOMAP) model, this region holds more than 75,000 addresses holding about $4 billion tokens. Due to this fact, Dogecoin tauri are likely to face resistance in this area. Such a massive supply region could emerge as a strong resistance barrier. However, a surge past this region could see the token skyrocket by 60 percent.

Concluzie

At present, Dogecoin is sandwiched between the 20 Simple Moving Average and the 50 Simple Moving Average on the 4-hour chart. Past the immediate supply region are a few other regions that represent rigid resistance barriers, especially between $0.38 and $0.44. Suppose Dogecoin fails to accumulate enough momentum for a significant bull run, the crypto is likely to register some sideways movements. This will be within the 50 Simple Moving Average and 200 Simple Moving Average confluence.

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Sursa: https://www.cryptopolitan.com/dogecoin-price-prediction-2021-05-26/