Dogecoin Price Prediction: DOGE Continues To Push Higher, Looks To Move To $0.15

Daily Dogecoin DOGE Technical Analysis

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Last Updated February 3rd 2022
3 Min Read
  • The Dogecoin price continued to push higher during the ongoing session, as buyers look to move DOGE to $0.15. 
  • DOGE has been fairly positive during the current week but had ended the weekend on a bearish note, dropping by nearly 3%. 

The Dogecoin price continued its upward trajectory, as its positive start to the week continued with buyers looking to push DOGE to $0.150. DOGE had ended the weekend in the red, registering a drop of nearly 3% and falling to $0.139. The price recovered on Monday, rising by 1.80% and then pushing up by 0.56% on Tuesday and settling at $0.142. The current session sees DOGE at $0.144, as buyers look to push the price higher. 

Dogecoin Price Chart Indicates DOGE Could Push To $0.150 

The Dogecoin price was quite bearish during the previous weekend, dropping by over 6% on Saturday. The price managed to recover on Sunday, rising by nearly 7% and ending the weekend at $0.142. DOGE fell back on Monday, dropping by 3.31% to $0.137, before recovering on Tuesday and rising by over 4%, moving to $0.143. DOGE managed to register a marginal increase on Wednesday but fell back on Thursday, dropping by 1.19% and settling at $0.141, before recovering and registering a marginal increase on Friday.

Image: DOGE/USD daily

Image: DOGE/USD daily chart 020322

The Dogecoin price continued to push higher over the weekend, rising by 1.20% on Saturday and moving to $0.143. On Sunday, the price fell back in the red, dropping by nearly 3% and ending the weekend on a bearish note at $0.139. Despite the weekend drop, DOGE recovered on Monday, rising by 1.80% and then pushing up by 0.56% on Tuesday and moving to $0.142. The current session sees DOGE up by nearly 2%, as buyers look to push the price to $0.150.

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

IntoTheBlock’s IOMAP for the Dogecoin price shows us that DOGE has strong support at around $0.141. At this price level, over 69,000 addresses have bought more than 10 billion DOGE.

Image: IntoTheBlock

Image: DOGE/USD volume chart 020322

The 4-hour Dogecoin price chart shows that DOGE pushed above the 20-bar SMA on the 25th. DOGE continued to push up from this level and moved past the 50-bar SMA on the 26th when the price rose to $0.151. The price fell from this level, slipping back below the 50-bar SMA and falling to $0.140, where the 20-bar SMA acted as support. The price continued to drop from this level and fell to $0.138 on the 28th. DOGE recovered from this level, pushing above the 20 and 50-bar SMAs and rising to $0.143 on the 30th. The price fell back from this level, slipping back below the 20 and 50-bar SMAs and falling to $0.137. DOGE made a strong recovery from this level, pushing back above the SMAs and rising to $0.143, and then moving to its current level of $0.145.

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

Image: DOGE/USD 4-hour

Image: DOGE/USD 4-hour chart 020322

DOGE Price Is Expected To Reach These Levels

Looking at the Dogecoin price chart, we see that DOGE has been quite bullish during the current week, with the price up by nearly 2% during the ongoing session. If the current sentiment persists, we could see DOGE push to $0.150.