The price of Dogecoin (DOGE) has retreated after a previous attempt to break above the $0.076 level. Crypto prices have been weighed down by a rise in the US dollar and yields, as well as a drop in US stocks following hawkish remarks from Fed Chair Jerome Powell. Powell warned that interest rate hikes could accelerate and that rates could rise faster than expected if inflationary pressures persist.
Doge Price Prediction
Doge price today is $0.0714199 USD
| DATE | Dogecoin | USD |
|---|---|---|
| Today | 1 | $0.0714199 |
dogecoin analysis today
As a result, Dogecoin is currently trading around $0.074, down 1.0% for the session after finding support in the $0.072s at weekend lows. Additionally, the recent news of Dogecoin whales moving large amounts of tokens off Binance and into self-custody has not boosted confidence in the market.
Today’s Dogecoin Price
Dogecoin bulls will hope that the cryptocurrency can find support north of the $0.072 level, as a break below it could lead to a drop back towards Dogecoin’s late 2022 lows in the $0.066 area. However, the recent break below its 200-day moving average (at $0.0786) and support in late February lows in the $0.0782 area suggests a bleak near-term outlook for the cryptocurrency.
Dogecoin price prediction tomorrow
Without an improvement in the broader crypto market sentiment, a move above resistance in the upper $0.07s may prove difficult.
