Prediction of the Dogecoin price: the price of Dogecoin today, January 20, 2023
Doge price prediction: Here is the most up-to-date Doge price prediction and the price of Doge in USD.
Today’s Doge price:
The price of Doge right now is $0.0810981 USD.
DATE: Today 1 $0.0810981 Dogecoin USD
Predictions for the price of Doge:
During the first week of January, Dogecoin’s price showed positive signs on the market. This allowed day traders to take part in a 25% rise to the $0.09 area.
Now that the goal has been reached, DOGE is showing signs that the trend could keep going. But before another run-up, people might take more money out of the market.
At the time this was written, the price of a Dogecoin was $0.081. By turning down the most recent attempt to go up, the bears have made lower highs and, as a result, a lower low at $0.077 instead of the $0.081 low set on Monday.
The price didn’t settle below the 8-day exponential moving average on the 4-hour chart at the last pivot point (EMA). As a result of the new low, the closing price went below the barrier. This could be seen as an early sign of a change in how the market acts.
In the end, the price of DOGE might keep falling and retest previous resistance areas at $0.074, which would cause a 10% drop.
Related: Today’s Dogecoin price prediction is for December 26, 2022.
Even so, the 25% rally may have been the start of a much bigger bull run because the pump broke through the overbought level of 75 on the Relative Strength Index (RSI), which measures the momentum of trends.
According to the RSI, when the price of DOGE goes down, it’s a good time to buy until either the RSI’s 40 level is crossed or $0.065 is found as the beginning of the rally.
A touch of $0.065 would end the bullish trend and make a sweep-the-lows event possible, with the $0.049 low of 2022 as the goal. The price of DOGE would drop by 40% if the bears won.