Dogecoin Price Prediction: DOGE Looks To Push Above $0.17

Daily Dogecoin Technical Analysis

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Last Updated December 13th 2021
3 Min Read
  • The Dogecoin price has recovered over the weekend, rising by over 3%. 
  • The current session sees buyers and sellers struggling for control, with DOGE currently at $0.17. 

The Dogecoin price has pushed up marginally to $0.17, as buyers and sellers struggle to gain control. DOGE had been quite bearish on Thursday, as the price dropped by 5.54% and settled at $0.16. The price continued to drop on Friday, registering a drop of 2.78%. However, the price made a recovery on Saturday, as buyers managed to push the price up by over 3%. The current session sees DOGE at $0.17. 

Dogecoin Price Chart Indicates Buyers And Sellers Struggling To Control Session 

The Dogecoin price was extremely bearish heading into the previous weekend, as it dropped by 4.54% on Friday. DOGE continued to drop on Saturday, falling by over 10% and settling at $0.17. Sunday saw DOGE remain in the red, falling by over 4%. However, Monday saw a slight recovery, as the price pushed up by 3.67% but fell back on Tuesday, registering a marginal drop of 0.67%, before pushing up by 1.19% on Wednesday.

Image: DOGE/USD daily chart 121321

Image: DOGE/USD daily

After rising by 1.19% on Wednesday, the Dogecoin price fell back on Thursday, dropping by 5.54% and settling at $0.16. On Friday, the price continued to drop, falling by almost 3%, but recovered on Saturday, as DOGE rose by 3.17%. The current session sees DOGE marginally up, with the price at $0.17.

We can see that the Parabolic SAR is currently bearish, indicating that we could see the price drop.

Looking at IntoTheBlock’s IOMAP for the Dogecoin price, we can see that DOGE faces strong resistance at around $0.17. At this price level, over 22,000 addresses have sold more than 7 billion DOGE.

Image: DOGE/USD daily 121321

Image: IntoTheBlock

The 4-hour Dogecoin price chart shows us that DOGE had pushed above the 20-bar SMA on the 7th, rising to $0.17. The price continued to push from this level, rising to $0.18. With the 20-bar SMA acting as support, DOGE was able to stay at this level for the next few sessions before dropping below the 20-bar SMA on the 9th, when the price dropped to $0.17. DOGE continued to fall from this level and fell to $0.16 on the 11th before marginally pushing up. However, DOGE could not push past the 20-bar SMA until the ongoing session, when it pushed up to $0.17.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Image: DOGE/USD 4-hour 121321

Image: DOGE/USD 4-hour

DOGE Price Is Expected To Reach These Levels

Looking at the Dogecoin price chart, we can see that DOGE faces strong resistance at $0.17. However, if buyers can generate some momentum, we could see the price push to $018, DOGE could drop to its support level of $0.16.