#Dogecoin price analysis 2023
From a technical standpoint, the DOGE price has entered the breakout stage of its prevailing bump-and-run-reversal bottom pattern, with a price target of around $0.88, up around 15%, by September 2023.
Conversely, a bearish scenario involves Dogecoin entering a short-term correction as its daily relative strength index nears 70, an overbought area, and its price tests $0.078 as resistance. The $0.078 level was instrumental in capping DOGE’s upside attempts in March 2023.
Related: Dogecoin soared 23,000% in 2021 — Is history starting to repeat for $DOGE price?
In this case, DOGE price’s immediate downside target appears to be around $0.073 for July, coinciding with its 0.382 Fib line of the Fibonacci retracement graph.
