Dogecoin Price Analysis: DOGE Back Above $0.14

Daily Dogecoin DOGE Price Prediction

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Last Updated February 2nd 2022
3 Min Read
  • The Dogecoin price registered a marginal increase during the ongoing session, as buyers look to push DOGE to $0.150. 
  • DOGE has started the week on a fairly positive note but had ended the weekend in the red, dropping by nearly 3%. 

The Dogecoin price continued its positive start to the week, as buyers look to push DOGE beyond $0.14. DOGE had registered a drop of 1.19% on Thursday, falling to $0.141. Friday saw DOGE remain at this level before pushing up on Saturday, rising by 1.20% and settling at $0.143. However, DOGE fell back on Sunday, dropping by nearly 3% and ending the weekend at $0.139. Monday saw DOGE recover, as the price rose by nearly 2%, moving to $0.141, before pushing to $0.142 during the ongoing session. 

Dogecoin Price Chart Indicates DOGE Could Push To $0.145 

The Dogecoin price started the previous weekend on a bearish note, dropping by over 8% on Friday. DOGE continued to drop on Saturday, falling over 6% and settling at $0.133, before recovering on Sunday, rising by nearly 7% and ending the weekend at $0.142. Monday saw DOGE drop back, as the price fell by 3.31% to $0.137, before making a strong recovery on Tuesday, rising by over 4% and moving to $0.143. Wednesday saw DOGE register a marginal increase, as the price managed to stay in the green, rising by 0.14%.

Image: DOGE/USD daily

Image: DOGE/USD daily chart 020222

After a marginal increase on Wednesday, the Dogecoin price fell back, dropping by 1.19% on Thursday and falling to $0.141. DOGE remained at this level on Friday before registering an increase of 1.20% on Saturday and moving to $0.143. On Sunday, the price fell back, dropping by nearly 3% and ending the weekend at $0.139. DOGE was back in the green on Monday, as it rose by 1.80%, moving to $0.141, before pushing up to $0.142 during the ongoing session.

We can see that the MACD has just flipped to bullish, indicating that we could see the price push higher.

Looking at IntoTheBlock’s IOMAP for the Dogecoin price, we can see that DOGE has strong support at around $0.140. At this price level, over 77,000 addresses have bought more than 11 billion DOGE.

Image: IntoTheBlock

Image: DOGE/USD volume chart 020222

The 4-hour Dogecoin price chart shows us that DOGE had pushed above the 20-bar SMA on the 25th when the price rose to $0.137. DOGE registered a marginal drop from this level before recovering and surging past the 50-bar SMA, rising to $0.151. However, after reaching this level, DOGE turned bearish and slipped back below the 50-bar SMA, dropping to $0.140 on the 27th, where the 20-bar SMA acted as support. DOGE pushed up from this level, rising to $0.143, but fell back, slipping below the 20-bar SMA and dropping to $0.138. DOGE made a strong recovery from this level, as the price pushed above the 20 and 50-bar SMAs, rising to $0.143 on the 30th. However, the price fell back from this level, slipping below the 20 and 50-bar SMAs, and dropping to $0.137. DOGE made another strong recovery from this level, as the price pushed back above the 20 and 50-bar SMAs and moved to its current level of $0.143.

We can see that the Parabolic SAR and MACD are both currently bullish, indicating that we could see the price push higher.

Image: DOGE/USD 4-hour

Image: DOGE/USD 4-hour chart 020222

DOGE Price Is Expected To Reach These Levels

Looking at the Dogecoin price chart, we see that DOGE has made a fairly strong start to the current week. If the current sentiment persists, we could see DOGE push above $0.145