Doge Price Prediction: Today’s Dogecoin Price, 14th Jan 2023

Doge Price Prediction:

Dogecoin’s price is up 10% since the start of the year as a result of early bulls taking advantage of the last-minute selloff into the $0.06 zone on December 30, 2022.

Unquestionable evidence of unrest may be seen in the bears’ profits taken at each new high in the recent surge. The bears’ presence on January 10 and 11 made an attempt to defy the trend, and there is reason to believe they may make another attempt shortly.

One dogecoin is now worth $0.077. The resistance of the uptrend is plainly seen in the Relative Strength Index (RSI), an indicator used to assess the strength of a market move relative to speed and rebound zones.

The DOGE price broke severely oversold territory during the selloff on December 30, according to the RSI, which is only possible when bears are in charge of the trend.

The iconic meme coin token has also not yet moved past overbought areas, suggesting that the trend has shifted.

DOGE’s ongoing price fluctuations below the 65 level on the RSI more closely resemble a countertrend spike than the start of a new impulsive rally.

According to a Fibonacci retracement algorithm that takes into account the prior trading range during the collapse, the DOGE is currently trading at the 50% level.

It is quite possible that prices will rise into the 61.8% retracement at $0.081, which would boost Dogecoin’s market value by 5%.

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