Dogecoin Price Prediction: DOGE Makes Strong Recovery, Looks To Push To $0.150

Daily Dogecoin DOGE Technical Analysis

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Last Updated February 22nd 2022
3 Min Read
  • The Dogecoin price is up by over 2% during the ongoing session as buyers return to the market. 
  • DOGE had been quite bearish during the previous week and had dropped to $0.136 on Sunday. 

The Dogecoin price is looking to push back above $0.140 and towards $0.150 as buyers look to push DOGE higher during the current week. DOGE was static at $0.138 on Friday before rising by 2.02% on Saturday, settling at $0.141. The price fell back on Sunday, dropping by 3.54% and settling at $0.136, before recovering during the current session, with the price at $0.139. 

Dogecoin Price Chart Indicates DOGE Could Push Towards $0.145. 

The Dogecoin price was extremely bearish over the previous weekend, dropping by almost 4% on Friday. The weekend saw DOGE register a marginal drop, falling below the 20-day SMA, before recovering on Sunday, moving back above the SMA, and settling at $0.148. SOL fell back on Monday, dropping back below the 20-day SMA to $0.146, before making a strong recovery on Tuesday, pushing up by over 4%, moving above the 20-day SMA and settling at $0.152. However, DOGE was back in the red on Wednesday, falling by 2.11% and settling at $0.148.

Image: DOGE/USD daily

Image: DOGE/USD daily chart 022222

The Dogecoin price continued to drop on Thursday, as it fell below the 20-day SMA and dropped to $0.138. Despite the bearish sentiment, DOGE registered a marginal recovery on Friday before rising by over 2% and settling at $0.141 on Saturday. The price fell back on Sunday, dropping by 3.54% and settling at $0.136, before recovering during the current session.  

We can see that the MACD is currently bearish, indicating that the price could drop further. However, if DOGE is able to push higher, we could see it flip to bullish.

Looking at IntoTheBlock’s IOMAP for the Dogecoin price, we can see that DOGE faces strong support at around $0.141. At this price level, over 82,000 addresses have sold more than 11 billion DOGE.

More On Dogecoin: The 5 Best Ways to Buy Dogecoin

Image: IntoTheBlock

Image: DOGE/USD volume chart 022222

The 4-hour Dogecoin price chart shows us that DOGE had pushed up to $0.152 on the 16th. At this level, the 50 and 200-bar SMAs were acting as resistance, and the price fell back, dropping below the 20-bar SMA and falling to $0.147. DOGE recovered from this level, pushing back above the 20-bar SMA but could not move past the 50 and 200-bar SMAs, and fell back, dropping below the 20-bar SMA and falling to $0.138 on the 18th. After registering a marginal recovery, DOGE fell back to $0.138 before rising and recovering to $0.143, where the 20-bar SMA acted as resistance. As a result, DOGE fell back, dropping to $0.137 on the 20th, before rising and moving to its current level of $0.138.

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

Image: DOGE/USD 4-hour

Image: DOGE/USD 4-hour chart 022222

Dogecoin Accepted by Dish-Powered American Streaming TV Service via BitPay: Details

Sling TV, a streaming TV provider based in the United States and a wholly-owned subsidiary of Dish Network, has announced that it will take cryptocurrencies via BitPay. Subscribers of the virtual TV provider can now pay for their subscriptions using cryptocurrencies, such as Dogecoin via BitPay.

Sling TV's 2.5 million subscribers now have access to cryptocurrencies that BitPay supports, such as Dogecoin, Litecoin, Shiba Inu, Bitcoin, Bitcoin Cash, Ethereum, and Wrapped Bitcoin. BitPay, one of the world's major blockchain payment companies, also offers over 90 cryptocurrency wallets.

Elon Musk, the CEO of Tesla, stated over the weekend that in the future, Tesla charging stations would be able to take Dogecoin as payment. The CEO added on Twitter:

"And, Of course, you can pay in DOGE."

Musk responded to a tweet from Tesla's Ryan Zohoury, who tagged Musk in a post about Tesla charging stations that opened recently in Santa Monica. Tesla also aims to create "a futuristic diner/drive-in cinema" in the Hollywood neighborhood, per Elon Musk.

Dogecoin creator Billy Markus presented an idea on Twitter about "pestering" the social media giant's workforce with the #DogeTwitterTipJar hashtag, according to reports. After allowing people to pay their favorite content creators in Ethereum, the goal is to encourage Twitter to add tipping in Dogecoin.

DOGE Price Is Expected To Reach These Levels

Looking at the Dogecoin price chart, we can see that DOGE had made a fairly strong recovery during the ongoing session, although sellers have forced the price down. If buyers can push the price higher, we could see DOGE push to $0.140. However, if sellers manage to drive the price lower, we could see DOGE drop to $0.135.

Read More: 

Dogecoin (DOGE) Price Prediction

Is It Better To Invest Or Trade Dogecoin

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