Dogecoin Price Prediction: DOGE Looks To Push Past $0.18 During Current Session

Daily Dogecoin Technical Analysis

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Last Updated December 8th 2021
3 Min Read
  • The Dogecoin price failed to push past $0.18 on Tuesday, as sellers pushed the price down marginally. 
  • The current session sees DOGE back in the green, as it looks to move past $0.18.

The Dogecoin price has pushed up marginally during the ongoing session, as buyers look to push the price past $0.18. Since the weekend, DOGE has been highly bearish, dropping by over 10% on Saturday and falling to $0.17. The bearish sentiment persisted on Sunday, with the price dropping by over 4%. However, DOGE recovered on Monday, rising by 3.67%, before registering a marginal drop on Tuesday, as it failed to push to $0.18. 

Dogecoin Price Chart Indicates DOGE Could Push Past $0.18 

The Dogecoin price was quite bullish at the start of the previous week, rising by 3.71% on Monday. However, the price fell back on Tuesday, falling marginally, before another drop of 2.56% on Wednesday took the price to $0.20. DOGE continued to remain in the red on Thursday, as the price dropped marginally before falling by 4.54% on Friday and settling at $0.19.

Image: DOGE/USD daily chart 120821

Image: DOGE/USD daily

The Dogecoin price continued to fall over the weekend, registering a fall of over 10% on Saturday, dropping to $0.17. DOGE continued to drop on Sunday, falling by a further 4.03%, ending the weekend on a bearish note. However, DOGE pushed up on Monday, as it started the week positively, rising by 3.67%. DOGE fell back on Tuesday, registering a marginal drop, but has recovered during the current session, with the price looking to move to $0.18.

We can see that the Parabolic SAR is still bearish, indicating that the price could drop. However, if the price recovers, we could see it flip to bullish.

Looking at IntoTheBlock’s IOMAP for the Dogecoin price, we can see that DOGE faces strong resistance at around $0.18. At this price level, over 18,000 addresses have sold more than 7.8 billion DOGE.

Image: DOGE/USD volume chart 120821

Image: IntoTheBlock

The 4-hour Dogecoin price chart shows us that DOGE had slipped below the 20 and 50-bar SMAs on the 2nd, falling to $0.20. The price could stay at this level for the next few sessions, unable to push past the 50-bar SMA. However, the price turned bearish on the 3rd and fell significantly, falling to $0.15 on the 4th. DOGE made a strong recovery from this level, as it rose to $0.18 but fell back to $0.16. DOGE then pushed above the 20-bar SMA on the 7th, rising to $0.18, before dropping to its current level of $0.17.

We can see that the MACD is bullish; however, if DOGE cannot push past the resistance at $0.18, we could see it flip back to bearish.

Image: DOGE/USD 4-hour chart 120821

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 $0.18. If buyers retain the session, we could see DOGE test this resistance level. However, if sellers retain control, SOL could drop below $0.17.