Dogecoin has struggled throughout the last week to retain the bullish momentum it had inherited on January 20. In these seven days, it has been slipped by a whopping 4.20%. The current price of Dogecoin remains at $0.002340.
Dogecoin Price Prediction
DOGE price was at $0.002443 on January 20, and over the next two days, it went through a slope to lose 7.47% value and touched $0.002260. It was followed by another 12.34% drop in the value by January 24 that took Dogecoin price to $0.002138, the weekly low. However, on January 24, the currency started gaining strength. Over the last two days, it has already managed to recover 8.81% of its previous value, and it currently roams around $0.002328.
Dogecoin’s current price at $0.002340 is trending above its 50 days MA ($0.00227039) and 20 days MA ($0.00227193) by almost 3%. It is likely to continue the bullish momentum in the next few days, and the next resistance may fall at $0.002351. The medium-term of Dogecoin seems bullish, and it may recover entirely by the end of this week. Investors need to be cautious of a few price fluctuations that may happen on the intraday level.