Dogecoin price prediction for today, February 27 – DOGE technical analysis

adminFebruary 28, 2024

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If the market can stabilize above the moving averages, our Dogecoin price prediction could continue to see bullish moves.

Dogecoin (DOGE) secures new listing on popular Japanese cryptocurrency exchange

Dogecoin (DOGEUSD) has achieved an important milestone with its new listing on Bitflyer, a leading Japanese cryptocurrency exchange. The announcement, made via Bitflyer’s official Starting February 29, 2024, Bitflyer will begin handling Dogecoin in its sales offices. It further consolidates the position of cryptocurrencies in the market.

Dogecoin prediction statistical data:

Current Dogecoin price – $0.098
Dogecoin market cap – $14.2 billion
Dogecoin Circulating Volume – 143.2 billion
Dogecoin total supply – 143.2 billion
Dogecoin CoinMarketCap Ranking – 10th

DOGE/USD Market

Main level:

Resistance levels: $0.110, $0.115, $0.120

Support levels: $0.080, $0.075, $0.070

Dogecoin price prediction for today, February 27 – DOGE technical analysis — DOGEUSD – daily chart

DOGE/USD has been showing upward momentum over the past few days, trying to break above the 9-day and 21-day moving averages. Additionally, for the Dogecoin price to rise further, the channel’s upper limit must be surpassed. Once achieved, traders can expect the upward trajectory to continue.

Dogecoin price prediction: Dogecoin price may rise.

The daily chart shows that Dogecoin price is trying to build positive momentum. Traders can expect a continuation of the bullish trend, targeting the upper boundary of the channel and potentially testing the $1.00 resistance level. Additionally, the 9-day moving average remains above the 21-day moving average, suggesting resistance levels of $0.110, $0.115, and $0.120.

However, if Dogecoin price maintains its upward channel trajectory, traders may observe a further bullish trend in the coming sessions. Conversely, if the price retreats below the lower channel limit, a bearish scenario could unfold, potentially leading the coin to reach long-term support levels of $0.080, $0.075, and $0.070.

DOGE/BTC is trading at 173 SAT.

Compared to Bitcoin, Dogecoin price follows a bullish movement as the coin is on the rise. However, if the coin moves near the upper boundary of the channel, the market is likely to continue to apply more bullish pressure as the 9-day moving average could have a bullish crossover above the 21-day moving average, which could bring in more bullish signals. market.

This means that if DOGE/BTC declines and slides below the lower channel limit, the coin could reach the nearest support level of 150 SAT, while further bearish movement could push the price below the support level of 140 SAT. Nonetheless, if the coin continues to follow the bullish move and heads to the upside, traders may look to push towards resistance levels above 200 SAT.

However, MarketMaestro shared with his wide following of over 5,000 followers on 🎯 Institutional buying is strong, outperforming the average (EMA5-21) and a new strong target, indicated by the orange box, is within reach!

$DOGE #Dogecoin #viceroy
The first objective has arrived!
Bull’s eye! 🎯
The flag was smashed.
Institutional buying is great!
Above average (EMA5-21) and strong
The new target is the orange box! https://t.co/vKAkRHpYFV pic.twitter.com/ZfNuUFfUzh
— Market Maestro (@MarketMaestro1) February 27, 2024

Alternatives to Dogecoin

Dogecoin price is in a notable upward trend, currently trading at $0.098, thanks to a bullish move above the 9- and 21-day moving averages. Resistance may strengthen, but if this positive momentum continues, Dogecoin is likely to breach the upper channel boundary. Comparing the stability of Dogecoin, with a market capitalization of $14.2 billion, to that of an emerging token, Bitcoin Minetrix, the latter has already raised around $11.5 million in the pre-sale phase, signaling the potential for rapid appreciation in value despite its low market capitalization.

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