DOGE Price Analysis – September 15
DOGE surges up to $0.0025 and drops back to $0.0024 within 24 hours. The coin may trade between $0.0025 and $0.0030 in this coming week.
Resistance levels: $0.00280, $0.00285, $0.00290
Support levels: $0.00220, $0.00225, $0.00210
It may have been a slow tide for DOGE token in the last couple of weeks with the highest being $0.0025 in last 7 days, but the coin may drift towards higher ends very soon. DOGE can be expected to cross $0.0030 mark and surge up to $0.0040 in the next few months. The current performance also indicates the start of progressive trends ahead.
Looking at the chart, DOGE/USD hovers at $0.00247 within the 9-day and 21-day MA. It may close this month on a better note as the price may trade at or above the resistance level of $0.0028. There is a higher chance that the coin may likely find supports at $0.00220, $0.00225 and $0.00210 but upside to remain capped at $0.00280, $0.00285 and $0.00290 respectively. The MACD indicator is still generating bullish signals.
Against Bitcoin, for the past twelve days, the pair has been moving in a tight range. The monthly short opening has caused the price of Dogecoin to be moving not far away from the moving averages of 9-day and 21-day. We may expect a bounce back to 25SAT resistance. A further price push may set a bull-run for the coin along with 27SAT and 28SAT resistance levels.
Meanwhile, the market is currently indecisive but if the bears’ rally continues, we can expect a break-down to 21SAT, 20SAT, and 19SAT support levels. As it appeared now, the trading volume is still very low and the 24SAT level is more likely to produce a rebound for the market. Regardless of the above, the price of Dogecoin looks indecisive as the RSI (14) indicator moves above level 40.
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