DogeCoin Price Prediction: Is $Doge Ready To Hit $1

Dogecoin Price Analysis – Updated on 1 May

Long Term View Short Term View
Current Price (At ) $0.36
Trend Positive Positive
Support Zones 0.23-0.26 0.29-0.30
Resistance Zones 0.39-0.43 0.39-0.43

After making a low of $0.16 on 22-23 April, Dogecoin started its up move again. The buying accelerated after the tweet of Elon Musk about the Saturday Night Live on 8th May.

Dogecoin Price Action Events

Dogecoin Technical Price Chart

Date Important Price Action Events
Prices started to move up after taking strong support near$ 0.20 zone
22-23 April 2021 Dogecoin made a low near $0.16 but it was not able to trade below $0.20 even for 30 minutes.
Short term correction started across the cryptos after the rumors of an increase in Capital Gain Tax in the United States
April 19, 2021 All-time high zone tested again but not able to cross it. Made double top kind of formation
April 16, 2021 Dogecoin made an all-time high of $0.42-0.44
April 13, 2021 The rally resumed with a big breakout of 2 months of consolidation
February, March After making a high of $0.009, prices consolidated for more than 2 months
February 8, 2021 Dogecoin made high of $0.008-$009
January 1, 2021 Biggest Rally of Dogecoin Started From $0.005

Dogecoin Price Forcast – Will It Hit $1

Dogecoin is currently trading near $0.36 and moving towards the all-time high zone of $0.42-0.44.  After Elon’s tweet, there is a high probability of Dogecoin making new highs before 8th May.

If Dogecoin sustains above 0.45 for 15 minutes, the first target comes near the $0.65 zone and thereafter $1 is the obvious target.

Dogecoin Price Forcast

We have to observe the $0.40-0.43, if prices trades above this zone, buying will accelerate and the crypto community will try to push it towards $1.

If the prices are not able to trade above $0.40-0.43 zone and get rejected multiple times, then it may go for a long-term correction.

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