Doge Price Prediction: Today’s Dogecoin Price, 14th Dec 2022
The Dogecoin blockchain is powered by the native cryptocurrency DOGE, which was last traded on Monday just south of the $0.09 mark, down 4.5% on the day. This decrease follows a 3.6% drop on Sunday.
Despite managing to bounce back from earlier session lows under $0.0850, Dogecoin is still trading 20% behind its previous monthly highs just above $0.11 at current levels in the $0.0880s.
Even while they are still respectable at about 23%, its gains since its lows in the low-$0.07s in November have been significantly reduced. As a result, price forecasts have evolved into something of a negative trend.
Doge Today’s price
Doge price today is $0.0899809 USD
| DATE | Dogecoin | USD |
|---|---|---|
| Today | 1 | $0.0899809 |
Doge Price Prediction:
The highs from August (about $0.0910) and the 62.8% Fibonacci retracement level back from the early November highs (around $0.16 to the annual lows just under $0.05) represent an important area of technical support that have been broken below with Monday’s decline.
The 200-Day Moving Average (DMA) and the November double-bottom lows are located in the low $0.07 range, which the dogecoin bears will be aiming for on a retest.
Looking ahead, Dogecoin will, like the larger cryptocurrency market, take its cues from broader macro issues this week. And this week is a huge one for macroeconomics. Tuesday marks the release of the US CPI statistics for November. Investors are anticipating new data showing that inflation is rapidly returning to the Fed’s target rate of 2.0%.
The Fed will then make its most recent interest rate decision, along with new projections for the economy and the direction of interest rates, and hold its customary press conference with Fed Chairman Jerome Powell. This week will also see interest rate decisions from the BoE and ECB. Additionally, December’s preliminary PMI data is also available.
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