Dogecoin Price Forecast:

Robinhood and DOGE, Path to $0.08?

The Dogecoin price is in a state of

uncertainty, as neither the bears nor the

bulls have a clear advantage. Investors may want to wait for more confirmation from various technical indicators before deciding on the trend direction. The volume of the green candles has increased slightly, indicating that some buyers are interested in the DOGE price at the current level.

Latest Update: Robinhood and Dogecoin.

Robinhood Wallet increased its offerings to popular cryptocurrencies like Dogecoin, Bitcoin, and Ethereum. The strategy successfully enticed thousands of new users across 140 countries. The platform also gives new updates concerning the sending and receiving of Dogecoin and other currencies. Moreover, Robinhood Wallet's jump into the sector of decentralized finance (DeFi) will done with the help of the Ethereum network.

Nevertheless, in the beginning, users can

merely swap 200 tokens.

What Does Price Action Say About DOGE?

The market sentiment for the Dogecoin price is not very positive at the moment, and it may remain so until the buyers show more strength and momentum. However, based on the technical indicators and price action, the chances are in favor of the

bulls.

The Dogecoin price needs to attract more buyers to rise towards the upper boundary of the consolidation phase on the daily chart. The Dogecoin price is also trying to find support and move towards the 20, 50, 100, and 200-day daily moving averages. The Dogecoin price has been trading within a horizontal range of $0.0500 and $0.0800.

Nevertheless, the Dogecoin price has

gained about +0,95% in a week but lost

-18.29% in a month. The DOGE price also

fell by -12.23% in the last three months

and -14.11% in the last six months.

Nevertheless, analysts believe that the

DOGE price could bounce back from the

lower levels.

$DOGE