Dogecoin became the most hyped cryptocurrency thanks to Elon Musk. Thanks to his excessive tweets, DOGE prices skyrocketed by more than 200% back in May 2021. However, since reaching the all-time high price of $0.75, DOGE has been on a downward trend. Currently, the price is $0.1160 and is close to the important psychological price of $0.10. How can Dogecoin price continue in the near future? Will we see a bullish reaction at $0.10? Let’s tackle everything in this DOGE price prediction article.
Will DOGE Go UP again?
Dogecoin price has formed a trend line during the current descent, which is steadily pushing the price down. As long as the trend line does not break, we do not expect prices to rise. Since the price shows no signs of breaking the trendline any time soon, we expect the price to continue falling towards $0.0875 – $0.10. There are two supports: One is a horizontal support at $0.0875 and the other is a psychological price at $0.10. If the two supports fail, the price could drop many more percentages.
Dogecoin Price Prediction – Where to Buy Dogecoin again?
Dogecoin price has one last chance to prove bullish at $0.10. If the price fails to hold the support, which we expect to happen in the next few months, the price could drop to the next support. This is about 90% below the next support ($0.10). If the price breaks the $0.10 support, we will see rates of $0.0075 – $0.01. There is the next support zone where the Dogecoin price could find buyers. In our view, the price would be valued by the market with some justification as soon as the price reached the 1 cent mark.
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