At first, the Dogecoin project appeared like a joke but after a while, what seemed like a joke eventually gained recognition in the cryptocurrency space. The Dogecoin price prediction 2019 and the Dogecoin projection beyond 2019 became bullish against the USD. The April fools Elon Musk Dogecoin joke also gave the DOGE token a major boost. While the price of Dogecoin dropped significantly since April, this doesn’t mean there is no hope for the token. In our Dogecoin news today, we would answer some important questions like will Dogecoin hit $1, will Dogecoin ever go up, and when will Dogecoin go up?
Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin Technical Analysis – Will Dogecoin Hit $1?
According to the Dogecoin price prediction 2019 on Bitcoin Exchange Guide, the price of Dogecoin is facing resistance at $0.00400, $0.004500, and $0.005000 while it is being supported at $0.00250, $0.00200, and $0.00150. On the second of May, the Dogecoin technical analysis was bullish against the USD after being stuck in a bearish range bound movement for days. The bulls broke the 24 day EMAs and were able to take the price of Dogecoin as high as $0.002800 once again. However, the sellers gathered momentum and pushed the price of Dogecoin lower.
Right now, the only thing prevent the price of Dogecoin from falling as low as $0.002500 is the 12-day EMA. If DOGE is able to hold this level, it will most likely test the $0.002800 resistance again. Otherwise, we would see lower lows short-term. Right now, there is a buy signal as indicated by the signal line and MACD line being above the zero line. Even if the bears are trying to gain control of the market, the bulls have not run out of steam.
Bitcoin (BTC) Price Today – BTC / USD
In our previous Dogecoin news update, we talked about how the price of Dogecoin will most likely hit $1 before the end of the year. This $1 Dogecoin price prediction 2019 still stands. However, short-term, the price of Dogecoin is suffering the same fate as other altcoins in the market. Over the weekend, the price of Bitcoin increased significantly against the USD moving near $6000 on CoinMarketCap. However, altcoins gained little to nothing against the USD. In fact, the disparity between the price of Bitcoin and the price of altcoins was so obvious that Bitcoin dominance hit a seven-month high of 56% with its market capitalization surging above $100 million.
Dogecoin Price Prediction 2019 – Dogecoin News Today – Will Dogecoin Ever Go Up? Will Dogecoin Hit $1?
At the time of writing, the price of Dogecoin was $0.002552. This means that it is down by 3.55% against the USD and down by 3.95% against the price of Bitcoin. The trading volume over a 24 hour period is $36,400,620 and the market capitalization is $304,718,514. If you’re considering buying Dogecoin, this may be a good time to buy it. Dogecoin projection places the price of DOGE as high as $1 by the end of the year. So buying now will give you over 150% if the Dogecoin price prediction 2019 happens.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news today? Share your thoughts in the comment section.