Dogecoin is yet to hit the $1 mark, which is coveted by most investors. The coin has been in a downtrend and is now about to give a breakout.
In this article, we will discuss dogecoin price prediction along with weekly analysis and news roundup.
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Dogecoin Price Prediction
- Current Price: $0.1605
- Market Cap: $21.1 billion
- 24-hour Trading Volume: $753.8 million
- Total Supply: Unlimited (inflationary supply)
- Circulating Supply:131.6 billion DOGE
The price is consolidating within the descending channel. Currently, it is trying to break its resistance trendline of the channel. A breakout of the pattern would serve as a bullish confirmation.
Weekly Price Analysis
Dogecoin started the week at around $0.158, reached a peak of $0.162, and then settled back to its current price of $0.1605.
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Key support levels come out at $0.078 and resistance at $0.0806.
Conclusion
The recent price surge of pepecoin has delivered a roadmap of all other memecoins to follow. Dogecoin is also a good candidate for buy in the short term and can deliver good returns.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
