Dogecoin’s rise to spotlight is incredible. From being the underdog cryptocurrency that people considered a joke to becoming one of the most promising cryptocurrency projects out there. This year, Dogecoin has gotten a significant amount of exposure which includes the Elon Musk Dogecoin hype that led the price of the token to rise by 80% in four days. Well, the Elon Musk Dogecoin hype may have caused a temporary bull run but Dogecoin has the fundamental and technical strength to remain bullish for the rest of the year. Will Dogecoin go up? How high will Dogecoin go? Why is Dogecoin is rising? Is Dogecoin dead? Our Dogecoin news update today will cover some of these points.
Dogecoin Price Prediction 2019 – Dogecoin News Update – Is Dogecoin Dead? How High Will Dogecoin Go?
When the price of Dogecoin hit 034 satoshis against the BTC, analysts agreed that DOGE had bottomed out near-term. Since then, the price of Dogecoin has moved higher with the next key resistance at 040 satoshis. According to the Dogecoin price analysis on Captainaltcoin.com, it is important that the price of Dogecoin crosses these resistance levels to ensure that the upward gains continue. The bullish presence in the market will be confirmed when the price of Dogecoin moves across the 50-day moving average. Crossing this reistance will see the price of Dogecoin surge above the 060 satoshis level.
Bitcoin (BTC) Price Today – BTC / USD
On the downside, if the price of Dogecoin is unable to gather enough momentum to move above the 046 satoshi level, a pull back to the 034 level may occur. To further confirm that the bulls are taking control of the market, the daily volume has been increasing while the RSI and CCI move into the normal oversold regions. At the same time, the fact that the moving averages are above the price action show that there is still some bearish pressure in the market. Bursting through these moving averages is the only way to confirm a trend reversal.
Is Dogecoin dead? The straight answer to this question is no. Dogecoin is not dead and it’s not going to die anytime soon. Will Dogecoin ever reach $1? Dogecoin may have been joked about a lot but the project is amazing. There is a strong chance that the price of Dogecoin is going to hit $1 this year or next year. It is important to note that Dogecoin is still closely related to Bitcoin. So, a surge in the price of Bitcoin will support a surge in the price of Dogecoin. How high will Dogecoin go? While it may not be easy to give an exact figure for Dogecoin, it is important to note that the project has prospects. Near-term, the price of DOGE is going to move as high as $0.50.
Dogecoin Price Prediction 2019 – Elon Musk Dogecoin News Update – Current Price Of Dogecoin – Dogecoin News Today
At the time of writing, the price of Dogecoin was $0.003126. It is up by 4.25% against the the USD and down by 4.42% against the price of Bitcoin. The trading volume over a 24 hour period is $59,257,602 and the market capitalization is $373,793,598.
What do you think about the Dogecoin price prediction 2019 in our Dogecoin news update today? Share your thoughts in the comment section below.