Dogecoin Price Analysis: DOGE Registers Marginal Drop On Tuesday, Remains Above $0.21

Daily Dogecoin Price Prediction

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Last Updated December 1st 2021
3 Min Read
  • The Dogecoin price had a fairly volatile session on Tuesday but eventually settled only 0.17% lower. 
  • DOGE had pushed up significantly on Monday, rising by 3.69%. 

The Dogecoin price is looking to push to $0.22 during the ongoing session, with DOGE currently at $0.21. DOGE had recovered over the weekend after a significant drop on Friday, rising by 2.11% on Saturday and 1.02% on Sunday to settle at $0.20. The price pushed up by almost 4% on Monday, as it moved up to $0.21, before dropping on Tuesday after a volatile session that saw DOGE reach an intraday high of $0.23. 

Dogecoin Price Chart Indicates DOGE Could Push To $0.22 

The Dogecoin price registered a marginal increase on Saturday (20th) before falling back on Sunday, registering a drop of 3.34%. The bearish session continued on Monday, as DOGE fell by almost 3% and settled at $0.21 before recovering on Tuesday, rising by over 3% and settling at $0.22. Wednesday saw a significant drop, as DOGE fell by almost 4%, before a marginal recovery on Thursday, with the price rising by 1.47%.

Image: DOGE/USD daily chart 120121

Image: DOGE/USD daily

After falling by almost 9% on Friday, the Dogecoin price pushed up over the weekend as it rose by 2.11% on Saturday. The price pushed higher on Sunday, as it rose to 1.02% on Sunday and settled at $0.20. The current week started with the bullish sentiment persisting, as the price rose by 3.69% and settled at $0.21. On Tuesday, the price registered a marginal drop after a fairly volatile session before rising marginally during the ongoing session.

Looking at the Parabolic SAR, we can see that it has 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 faces strong resistance at around $0.22. At this price level, over 54,000 addresses have sold 6.8 billion DOGE.

Image: DOGE/USD volume chart 120121

Image: IntoTheBlock

The 4-hour Dogecoin price chart shows us that DOGE had slipped below the 20-bar SMA on the 24th, dropping to $0.21. The price pushed up from this level, as it rose above the 20-bar SMA and settled at $0.22. However, the 50-bar SMA acting as resistance at this level pushed the price back below the 20-bar SMA as DOGE dropped to $0.19. DOGE could only rise marginally from this level, pushing up to $0.20, before dropping by $0.19. DOGE pushed back above the 20-bar SMA on the 29th, rising to $0.20, and then pushed above the 50-bar SMA on the 30th, as it rose to $0.22, before dropping marginally to its current level of $0.21.

We can see that the MACD is currently bullish, indicating that we could see the price push higher. However, if the price drops, we could see the MACD flip to bearish.

Image: DOGE/USD 4-hour chart 120121

Image: DOGE/USD 4-hour

DOGE Price Is Expected To Reach These Levels

Looking at the Dogecoin price chart, we can see that DOGE is currently at $0.21, with buyers and sellers struggling to take control of the session. If sellers take control, we could see DOGE slip to $0.20. However, if buyers take control, then the price could move to $0.22.