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DOGE Price Prediction for April 12

Altszn.com by Altszn.com
April 15, 2024
in Solana
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DOGE Price Prediction for April 12
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DOGE Price Prediction for April 12
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The bounce back has not lasted long, according to CoinMarketCap.

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined by 0.16% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of DOGE is trading below the local support level of $0.1926. If the situation does not change by the end of the day, the fall is likely to continue to the $0.1850 zone tomorrow.

Image by TradingView

On the daily time frame, the picture is also rather more bearish than bullish. If the bar closes below $0.19, traders may expect an ongoing correction to the $0.17-$0.18 area within the next few days.

Image by TradingView

From the midterm point of view, the rate of DOGE is in the middle of the channel, between the support of $0.17 and the resistance of $0.2288. 

As none of the sides has seized the initiative yet, ongoing sideways trading around $0.19 is the more likely scenario for the next week.

DOGE is trading at $0.1923 at press time.

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