Price Analysis

Dogecoin Gaining Momentum, Will DOGE price Go up to $1?

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Highlights

    Dogecoin price showcases a substantial tendency to sustain above the support levels and continue with the uptrend

    With a quite impressive bounce from $0.2, the price is expected to uplift itself in order to achieve higher milestones by end of 2021

Dogecoin price nowadays has remained off the track as the multiple dips had bottomed the levels drastically. Each time, the price attempted to uplift itself but woefully a considerable decline also hampered the rally. Therefore the DOGE price remained below the projected area and waiting for a strong push that could carry close to $0.5. 

DOGE price had experienced a notable downtrend in the past 24 hours that ranged in between upper and middle Bollinger Band. The trading volume was also reasonably high yet inclined towards the bears. Yet since the late hours of trading yesterday, the price encountered a notable push which assisted to surge and sustain above $0.2..

Also Read: Dogecoin Price Plunges Close $0.2 After A Day Of Moon-Ride!

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The trend line appears to be intact with the middle Bollinger band as pretty strong support levels. In the coming days, a notable jump may be witnessed that can increase the volatility by approximately 7%. And hence the comfortable trend range of the asset could be around $0.195 to $0.228. 

However, the indicators for DOGE price are still neutral with very less indicators point out a buy signal. The trading volume has shrunk to some extent compared to the last trading day. And if the above analysis needs to hold true then a huge flow of volume needs to make its way. Thus the possibilities of dogecoin price going up to $1 could be in place.

Also Read: Elon Musk Tweet Is Out, Yet Dogecoin Price Is Lifeless! What’s Next?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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