- The current Dogecoin price is trading at $0.596. Dogecoin market capitalization is $8.444 billion as of 15 October 2023.
- Due to rumours, Dogecoin’s price might increase significantly and it is receiving a lot of attention because of its connection with the X platform.
- With the aid of technical indicators, let’s investigate the basics and technical features of the Dogecoin price.
The DOGE coin was designed as a joke to mock well-known crypto assets like Bitcoin. Billy Markus and Jackson Palmer first unveiled the DOGE cryptocurrency on December 6th, 2013. The Dogecoin is regarded as the first cryptocurrency with a dog symbol and the first meme coin. It is one of the most popular cryptocurrencies in 2023.
The market value of DOGE Token increased by 3.20%. The volume has inclined by 23.07% over the past 24 hours, and the proportion is erratic. $1.459 million worth of transactions were made in the preceding day.
It is now ranked 09th out of 8,898 active cryptocurrencies worldwide based on market capitalization. The DOGE cryptocurrency’s liquidity rate is 1.50%. 141.433 billion DOGE coins are currently in use. 141.433 billion DOGE coins are on the market, making up 100% of the maximum supply.
Technical Indicators {EMA and SMA (50,100,200)}
Exponential Moving Average
The EMA 100- $0.05647(Sell)
The EMA 200- $0.0689 (Sell)
Simple Moving Average
The SMA 100- $0.0663 (Sell)
The SMA 200- $0.0702 (Sell)
Price Forecast of FIL (2024-2030)
Year | Minimum | Maximum |
2024 | $ 0.049562 | $ 0.255061 |
2025 | $ 0.052910 | $ 0.135828 |
2026 | $ 0.052422 | $ 0.079402 |
2027 | $ 0.053594 | $ 0.066381 |
2028 | $ 0.034618 | $ 0.470602 |
2029 | $ 0.039134 | $ 0.208296 |
2030 | $ 0.038949 | $ 0.098053 |
Technical Analysis of DOGECoin
The DOGE coin reached its all-time high on May 08, 2021, in the 1-D time frame, which was around $0.731578. The DOGE coin is up by 1.34% today. As we can see, the DOGE coin began to go in a downtrend motion. Since December 2022, it has been moving in the same downward pattern. As it has not been able to break the downtrend line. It continued to move in the down direction.
The next several trading days will demonstrate the bull’s superiority. By 21 October 2023, prices could rise by 0.25%. It indicates that prices might approach the $0.059479 mark. Over the last 30 days, there has been a 2.18% increase in the market price volatility.
Live Chart of DOGE
Conclusion
We may interpret from the data that DOGE coins are not doing well each day. It is not suitable for short-term length due to the downtrend’s momentum. To offer technical information about the coin, the research is finished. The technical indicators suggest that the coin might go down in the future.
It declined by 0.66% throughout the 7-D period. Last month, it dropped by 3.35%. The value of Doge rose by 3.24% last year.
Technical Levels
Support level- $0.061
Resistance level- $0,.082
Disclaimer
This is a general article that does not provide any financial information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments. All the data is fluctuating due to stock market hours. It might change when readers read the article.