Dogecoin (DOGE) Trades With Much Gains as Tamadoge Reflects Real Spike

Blockchain Crypto Market Cryptocurrency
August 16, 2022 by CoinSurges
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Dogecoin (DOGE) is likely to move consistently above the upper boundary of the channel in the next positive move Dogecoin Prediction Statistics Data: Dogecoin price





Dogecoin (DOGE) is likely to move consistently above the upper boundary of the channel in the next positive move.

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Dogecoin Prediction Statistics Data:

  • Dogecoin price now – $0.085
  • Dogecoin market cap – $11.3 billion
  • Dogecoin circulating supply – 132.6 billion
  • Dogecoin total supply – 132.6 billion
  • Dogecoin Coinmarketcap ranking – #10

DOGE/USD Market

Key Levels:

Resistance levels: $0.10, $0.11, $0.12

Support levels: $0.065, $0.055, $0.045

DOGEUSD – Daily Chart

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According to the daily chart, DOGE/USD is likely to cross and stay above the upper boundary of the channel. In the last few days, the Dogecoin price continues to trade above the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) is moving to cross into the overbought region, confirming the bullish movement in the market.

Would Dogecoin (DOGE) Reclaims Above $0.09 High as Tamadoge (TAMA) Go Bullishly?

As the daily chart reveals, the Dogecoin (DOGE) is currently trading above the 9-day and 21-day moving averages, and if the coin continues with the bullish movement, the bulls may cross above the upper boundary of the channel to hit the resistance levels of $0.10, $0.11, and $0.12. At the time of writing, DOGE/USD shows a slight bullish movement within the daily chart.

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On the contrary, if the coin retreats below the moving averages, it could return the coin to the support levels of $0.065, $0.055, and $0.045 respectively. Meanwhile, the long-term buyers should not be bothered by the small impact on the road, as the future of DOGE is assured as revealed by the technical indicator Relative Strength Index (14).

Against Bitcoin, the Dogecoin price is hovering above the 9-day and 21-day moving averages. The technical indicator Relative Strength index (14) is moving into the overbought region which may soon increase the bullish movement, and it may likely hit the resistance level of 430 SAT and above.

DOGEBTC – Daily Chart

Meanwhile, any bearish movement towards the south could bring the coin to the support level of 270 SAT and below. However, breaking to the upside could take the coin to a new high and the market may remain in the bullish zone in the next positive direction.

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