Dogecoin Price Prediction: DOGE Registers Marginal Recovery After Dropping To $0.14

Daily Dogecoin Technical Analysis

Last Updated January 11th 2022
3 Min Read
  • The Dogecoin price has registered a marginal recovery during the current session, up by nearly 2%. 
  • DOGE had been extremely bearish for the past few sessions and had dropped by nearly 5% on Monday. 

The Dogecoin price is looking to push back to $0.15, as buyers look to take control of the market. DOGE had been bearish all weekend and had dropped by 3.37% on Friday. DOGE continued to drop on Saturday, falling by nearly 3% and settling at $0.15, before registering another marginal drop on Sunday, ending the weekend on a bearish note. Monday saw SOL continue to drop, as the price slipped below $0.15 after a fall of nearly 5%. 

Solana Price Chart Indicates SOL Looking To Push To $0.15 

The Solana price was fairly bullish during the previous weekend, rising by 1.64% on Saturday and then pushing up by 0.75% on Sunday to end the weekend at $0.17. However, Monday saw SOL fall back in the red, dropping by 2.63% and then dropping by 0.76% on Tuesday, falling to $0.16. SOL remained in the red on Wednesday as it registered a drop of nearly 6%, dropping to $0.15 before a marginal increase on Thursday pushed the price back to $0.16.

Image: DOGE/USD daily

Image: DOGE/USD daily chart 011122

After Thursday’s marginal increase, the Dogecoin price fell back in the red on Friday, falling by over 3% to $0.15. The weekend saw DOGE remain in the red, registering a drop of nearly 3% on Saturday and then registering a marginal drop on Sunday, ending the weekend on a bearish note. DOGE dropped further on Monday, falling by nearly 5% to $01.4, before recovering during the current session.

We can see that the MACD is currently bearish, but if the price recovers, it could flip to bullish.

IntoTheBlock’s IOMAP for the Dogecoin price shows us that DOGE faces strong resistance at around $0.16. At this price level, over 26,000 addresses have sold more than 3 billion DOGE.

Image: IntoTheBlock

Image: DOGE/USD volume chart 011122

The 4-hour Dogecoin price chart shows us that DOGE had pushed up to $0.16 on the 6th. From this level, the price fell back, dropping to $0.15 on the 7th. The price pushed back up from this level, rising to $0.156, where the 20-bar SMA came into play, pushing the price down to $0.14 on the 8th. DOGE recovered from this level, rising to $$0.15, where the 20-bar SMA acted as resistance again, pushing the price down drastically to its current level of $0.14.

We can see that the MACD and Parabolic SAR are bearish, indicating that the price could drop further.

Image: DOGE/USD 4-hour

Image: DOGE/USD 4-hour chart 011122

DOGE Price Is Expected To Reach These Levels

The Dogecoin price chart shows that DOGE has registered a marginal recovery during the current session. If the price continues to push up, we could see DOGE push to $0.15.