Dogecoin Price Prediction: DOGE Looks To Push Back Above $0.150

Daily Dogecoin DOGE Technical Analysis

Last Updated February 16th 2022
3 Min Read
  • The Dogecoin price is currently up by over 2% as it looks to push past $0.150. 
  • DOGE had been relatively bearish in recent sessions and had dropped to $0.145 on Saturday. 

The Dogecoin price has made a fairly strong recovery during the ongoing session, as buyers look to push the price above the $0.150 level. DOGE had a mixed weekend, registering a marginal drop and slipping below the 20-day SMA on Saturday before recovering on Sunday, rising by 1.65% and ending the weekend at $0.148. DOGE fell back on Monday, dropping to $0.146, before recovering during the current session. 

Dogecoin Price Chart Indicates DOGE Could Push Towards $0.155 

The Dogecoin price started the previous weekend by registering a marginal drop on Saturday. However, the price pushed up on Sunday, rising by almost 5% and moving to $0.154. DOGE remained bullish on Monday, rising by over 7%, pushing above the 50-day SMA, and moving to $0.165. DOGE fell back after reaching this level and dropped by over 4% on Tuesday, slipping below the 50-day SMA and falling to $0.158. SHIB was able to recover on Wednesday, registering a marginal recovery but was unable to move past the 50-day SMA and fell back on Thursday, dropping to $0.152.

Image: DOGE/USD daily

Image: DOGE/USD daily chart 021622

The Dogecoin price remained in the red on Friday, as it dropped to $0.146 after falling by almost 4%. The weekend started with DOGE in the red, registering a marginal drop and slipping below the 20-day SMA before recovering on Sunday, pushing back above the 20-day SMA and rising to $0.148. DOGE fell back on Monday, slipping back below the 20-day SMA before recovering during the ongoing session and pushing past the 20-day SMA to $0.150.

We can see that the MACD is bullish, indicating that we could see the price recover.

Looking at IntoTheBlock’s IOMAP for the Dogecoin price, we can see that DOGE faces strong resistance at around $0.161. At this price level, over 53,000 addresses have sold more than 8.4 billion DOGE.

Image: IntoTheBlock

Image: DOGE/USD volume chart 021622

The 4-hour Dogecoin price chart shows us that DOGE had pushed up to $0.159 on the 9th. However, DOGE could not stay at this level and fell back, dropping below the 20-bar SMA and falling to $0.155. DOGE continued to drop from this level, falling below the 50 and 200-bar SMAs and dropping to $0.144 on the 12th. DOGE stayed at this level for the next few sessions before recovering, pushing past all three SMAs and rising to $0.154, before dropping back below all SMAs and falling to $0.144 on the 14th. DOGE recovered from this level as it pushed past the 20-bar SMA and rose to $0.150.

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

Image: DOGE/USD 4-hour

Image: DOGE/USD 4-hour chart 021622

DOGE Price Is Expected To Reach These Levels

The Dogecoin price chart shows us that DOGE has been fairly bullish during the current session. If the current sentiment persists, we could see DOGE push towards $0.155. However, if bearish sentiment takes over, DOGE could drop below $0.145.