Doge Price Prediction: Today’s Dogecoin Price, 16th 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 $0.0841778 USD

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 level on December 30, 2022.

The recent rally’s new highs, where the bears made profits at each one, are irrefutable evidence of their discontent. The bears attempted to defy the trend on January 10 and 11, and there is reason to believe they will shortly make another attempt.

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

The DOGE price crossed into severely oversold territory on December 30 during the selloff, which the RSI indicates can only occur when bears are in charge of the trend.

Furthermore, the well-known meme coin token hasn’t yet outperformed overbought areas, which indicates that the trend has altered.

A countertrend spike is more likely to be represented by DOGE’s continuing price oscillations below the 65 level on the RSI than it is by the start of a new impulsive rise.

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

Prices are likely to rise to the 61.8% retracement level at $0.081, which would increase Dogecoin’s market value by 5%.

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