At the time of writing, DOGE is being traded at the price of $0.1767. The price of the coin has increased by almost 3% in the past 24 hours. The maximum and minimum of the day are around $0.1789 and $0.1713. The daily trading volume has on the other hand has also increased by almost 55% in one day. DOGE is listed on coinmarketcap at 12th spot according to market capital and has a market dominance of 1.03%.
DOGE before the crash had achieved its all-time high around the price of $0.74 in May 2021. During the crash, DOGE created a bottom and dropped down to $0.1599 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. DOGE is still being traded at the price it had around July and this month even went lower than that.
It has a total supply of around 132B tokens and has nearly all of them in circulation i.ie around 132B. DOGE can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, FTX.
Technical Analysis – Dogecoin (DOGE)
Dogecoin, the meme that took over the internet has been one of the highest gainers in the market at one point. ON the weekly time frame, it can be seen the price had gone on to create an all-time high a few months back. We can see that an order block had been created that lies below. If we notice, we can see that price of the coin had created an order block that lies on the floor and this order block has remained unmitigated for a long time.
With the losing momentum, we can expect a drop in the price to the bottom and mitigate the order block. From there, we can look for a reversal. This reversal would drive the price upwards with the final targets that have been marked on the chart as well.
Price Prediction – Dogecoin (DOGE)
Dogecoin(DOGE) has been one of the highly bullish coins in the market. According to wallet investor, DOGE in one year is expected to reach a value of $0.388. In five years, it is expected to touch $1.254. This shows that DOGE has a huge amount of potential in it and would give an amazing return to the people who would hold it.
