Doge Price Prediction: Today’s Dogecoin Price, 18th Jan 2023

Doge price prediction – Here’s the latest Doge price  prediction and Doge TO USD converted price you can find here

Doge Today’s price

Doge price today is $0.0839993 USD

Doge Price Prediction:

As a result of early bulls profiting from a last-minute selloff into the $0.06 level on December 30, 2022, Dogecoin’s price has increased by 10% since the start of the year.

The bears’ profits at the new highs made during the current rally are blatant signs of their displeasure. The bears made an effort to buck the trend on January 10 and 11, and there is reason to believe they will do so again soon.

Currently, one dogecoin is worth $0.077. The resistance of the upswing is clearly visible on the Relative Intensity Index (RSI), a statistic used to evaluate the strength of a market move in relation to speed and rebound zones.

The DOGE price entered extremely oversold territory during the selloff on December 30, which, according to the RSI, can only happen when bears are in charge of the trend.

The fact that the well-known meme coin token hasn’t yet outperformed overbought zones suggests that the trend has changed.

Instead of the start of a new impulsive surge, a countertrend spike is more likely to be characterised by DOGE’s price oscillations below the 65 level on the RSI.

According to a Fibonacci retracement algorithm that considers the prior trading range during the fall, the DOGE is currently trading at the 50% level.

Prices are anticipated to increase to $0.081, which represents the 61.8% retracement level, increasing Dogecoin’s market value by 5%.

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