Doge Price Prediction: Today’s Dogecoin Price, 7th March 2023
Dogecoin (DOGE), the largest and most popular meme coin, has recently faced a decline in price due to regulatory pressure and the fallout from Sam Bankman-Fried’s exchange. Despite the support of Elon Musk, who recently expressed interest in transitioning to artificial intelligence, DOGE has dropped by 5.4% in the last seven days as the crypto market bleeds.
Doge Price Prediction
Doge price today is $0.0738311 USD
Investors are eagerly awaiting economic data releases for March, including the much-anticipated FOMC meeting, to determine the direction of the crypto market and DOGE’s price. Currently, DOGE is in bullish territory as long as its price remains above $0.07, with potential support levels at $0.074 and $0.07.
Doge Price Prediction:
However, if DOGE falls below $0.07, investors can expect further declines to $0.06 and possibly $0.055. On the other hand, a break above the psychological resistance level of $0.10 could be a catalyst for DOGE’s return to the high of $0.0159 reached after Musk acquired Twitter in October 2022.
Today’s Dogecoin Price
Investors should also be wary of the Money Flow Index (MFI) indicator, which shows a significant outflow volume from DOGE markets and strengthens the bearish grip on DOGE’s price. Therefore, expecting a significant rebound in the near future may not be realistic.