1 #dogecoin price forecast shows that the DOGE cryptocurrency is pumping today as buyers step in.

The 2 DOGE crypto is trading at the 20-EMA to reach the 50-, 100- and 200-day daily moving average.

3 Dogecoin cryptocurrency has experienced a decline of 13.26% year to date.

The Dogecoin price forecast shows that the DOGE crypto is preparing to break out of the primary resistance. The buyers get involved in the trade and force the DOGE to reach the moon. However, in order for the DOGE crypto price to remain at the primary resistance level, the accumulation rate must be maintained. Meanwhile, those who invest in the Dogecoin cryptocurrency need to wait for the DOGE cryptocurrency to Decently exit the resistance and stay there to maintain the rise.

The Dogecoin price was at $0.06190 and gained 2.37% of the market value during the trading session of the day. The trading volume increased by 14.54% during the intraday trading session. This shows that buyers are trying to make savings to push the DOGE crypto upwards. The volume/market capitalization ratio was at 3.04%.

Will the Price of Dogecoin Reach New Heights?

The Dogecoin price forecast shows the recovery phase of the DOGE crypto on the daily time zone chart. However, the volume change is below average and should increase during the day. Meanwhile, DOGE crypto is trading at the 20-EMA to reach the 50 Dec, 100 dec and 200 dec daily moving averages.

The Dogecoin cryptocurrency is finally rising with a strong upward trend and is also trying to stay at the primary resistance level of $ 0.06218. However, since the DOGE may lose the buyer at the end of the day, sellers may approach the transaction. If DOGE manages to maintain the recovery phase and maintain the buyer accumulation rate, he can realize the maximum recovery above the charts.

The price of Dogecoin fell by 3.72% in a week and by around 20.57% in a month. Moreover, DOGE crypto has experienced losses of around 1.34% in the last three months and 12.93% in the last six months. The Dogecoin cryptocurrency has experienced a decline of 13.26% year to date. This shows that the year 2023 is not going very well in terms of DOGE crypto performance.

Technical indicators show the upward trend of the Dogecoin cryptocurrency. The relative strength index and moving average convergence divergence confirm the bullish momentum of DOGE crypto.

The RSI was at 48 and is trying to get rid of neutrality. The MACD line is recording a positive transition by cutting the signal line upwards. Those who invest in the Dogecoin cryptocurrency should expect the DOGE cryptocurrency to remain at the primary resistance level.

Summary

The Dogecoin price forecast shows that the DOGE crypto is preparing to break out of the primary resistance. However, the volume change is below average and should increase during the intraday trading session. The price of the Dogecoin cryptocurrency has fallen by 13.26% year to date. Technical indicators show the upward trend of the Dogecoin cryptocurrency. Those who invest in the Dogecoin cryptocurrency should expect the DOGE cryptocurrency to remain at the primary resistance level.

Technical Levels

Support Levels: $0.06063 and $0.06050

Resistance Levels: $0.06244 and $0.06368 #crypto2023 #Binance