Dogecoin price prediction for today, December 7 – DOGE technical analysis

According to the Dogecoin price prediction, DOGE is currently making another attempt to break the $0.094 resistance level.

Dogecoin prediction statistical data:

• Current Dogecoin price: $0.098
• Dogecoin market cap: $13.6 billion
• Dogecoin circulating supply: $142.1 billion
• Dogecoin total supply: $142.1 billion
• DOGE/USD Coin Market Ranking: 9th

DOGE/USD Market

Main level:

Resistance levels: $0.120, $0.122, $0.124

Support levels: $0.084, $0.082, $0.080

DOGE/USD bulls were rejected near the $0.106 level as the coin reverted to the downside. However, Dogecoin price is hovering above the 9-day and 21-day moving averages and is likely to push the coin above the upper boundary of the channel. Moreover, the 9-day MA remains above the 21-day MA, indicating that market sentiment may be bullish.

Dogecoin Price Prediction: DOGE Price May Follow an Uptrend

Dogecoin price is changing at $0.098. If DOGE/USD breaks through the $0.100 level, the coin could continue rising and retest the previous high of $0.106. Therefore, the nearest resistance levels are at $0.120, $0.122, and $0.124. Conversely, if the coin slides towards the lower boundary of the channel, it could reach support levels of $0.084, $0.082, and $0.080, respectively.

DOGE/BTC may be on the rise.

Against Bitcoin, Dogecoin price is moving in the same direction above the 9-day and 21-day moving averages as bullish trends may start to push the coin in a positive direction. The downside is that if the market price crosses below the lower limit of the channel, the next support level could come at 200 SAT and later, if the selloff increases, additional key support could be found below 185 SAT.

However, if the uptrend pushes the price above the resistance level of 245 SAT; Dogecoin may face 250 SAT. Other resistance levels are above 330 SAT and the 9-day MA remains above the 21-day MA, continuing the bullish move. On the other hand, moving the lower boundary of the channel can put bearish pressure on the market.

Dogecoin Alternatives

Dogecoin price remains on the uptrend, moving north with an increase of over 4.35%. As of this writing, Dogecoin price is likely to stay above the upper limit of the channel to reach the resistance level of $0.110, but a downtrend at $0.090 could provide support in tight conditions.

However, Bitcoin Minetrix gained attention for its unique cloud mining solution and unexpectedly successful presale. As Dogecoin (DOGE) records an upward trajectory, all eyes are on Bitcoin Minetrix, which has the potential to stand out in the cryptocurrency space. This token in particular exceeded expectations by raising an incredible $4.9 million during the pre-sale phase.

A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 100% or more