Doge Price Prediction: Today’s Dogecoin Price, 31st Jan 2023

Doge Price Prediction:

Dogecoin price prediction indicates that DOGE cryptocurrency has been attempting to recover from a long term consolidation phase on the daily time frame chart.

DOGE cryptocurrency has finally recovered above the Daily Moving Averages of 20, 50, 100, and 200 days.

Dogecoin, the infamous memecoin, investors must wait until the token breaks through the primary resistance level of $0.093.

Dogecoin price prediction indicates that DOGE cryptocurrency has been bullish and is attempting to recover from a long term consolidation phase.

Meanwhile, analysts from various crypto organisations predict that DOGE crypto will recover to $1 by the end of 2023.

After slipping into the long term consolidation phase on the daily time frame chart, the Dogecoin price has shown some interesting patterns.

However, trading volume has been below average, indicating a lower rate of buyer accumulation.

The price of Dogecoin was $0.09001, and it gained 2.54% of its market capitalization during the day’s trading session. During the intraday trading session, however, trading volume fell by 48%.

This shows that sellers are attempting to pull the DOGE token down to the lower price range of the long-term consolidation phase. The volume-to-market-cap ratio is 0.03051.

Dogecoin price prediction depicts the DOGE token’s long-term consolidation phase on a daily time frame chart. Meanwhile, according to some analysts, the DOGE cryptocurrency could recover to $1 by the end of 2023.

However, in order to achieve the necessary recovery, DOGE crypto must gather buyer forces and rally out of the long-term consolidation phase.

However, volume change is below average, and sellers may approach the market to withdraw DOGE crypto.

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