Dogecoin News Update – In our Dogecoin news update yesterday, we talked about how the price of Dogecoin was outperforming the price of Bitcoin by at least 5%. This was around the same time when almost every altcoin was outperforming Bitcoin. It was termed altcoin season. Unfortunately, it didn’t last long. Bitcoin quickly gathered momentum while altcoins, including Dogecoin, started bleeding out. This doesn’t mean the Dogecoin price prediction 2019 is now bearish. There is still enough room for a bullish come back or a bullish take over near-term. Right now, the Elon Musk Dogecoin price prediction is still bullish against the USD mid and long-term.
Dogecoin News Update: Dogecoin Price Prediction 2019 – Dogecoin News Today – Dogecoin Price To Cross $0.0035 And 45 Satoshis
According to the Dogecoin price prediction 2019 on Captainaltcoin.com, the breakout points for Dogecoin against the USD are 34 and 46. If the price of Dogecoin is able to move above the 34 Satoshi level, the next key resistance will be at 46 satoshis. The price of Dogecoin had initially bottomed out at 34 satoshis. The bulls managed to push the price above 44 satoshis but it was met with resistance against the price of Bitcoin. After it got to 44 satoshis, the bears pulled the price down to the 40 satoshis level. It even fell as low as 37 satoshis and traded between a range of 37 and 39 for many days before it dropped lower to 35 satoshis.
The price of Dogecoin broke above all the moving averages when the bulls gathered momentum. They were able to take the price back to the 37 and 38 satoshi level. Right now, it seems like the price of Elon Musk Dogecoin is primed for a trend reversal. Buyers still have a lot of interest in the cryptocurrency because the future of Dogecoin is bright. Irrespective of what the current price action says, Dogecoin will rise again. There fundamentals and technicals suggest that the price of Dogecoin will reach higher highs.
There is a strong chance that the price of Dogecoin is going to hit $1 eventually. However, the strongest drive would be a Bitcoin bull run. Even if the price of Dogecoin occasionally outperforms Bitcoin, it would be foolish to underestimate the hold that the price of Bitcoin has over other cryptocurrencies in the market including the price of Dogecoin. So, a Bitcoin bull run or bear market will influence the Dogecoin projection and Dogecoin price prediction 2019. This isn’t going to be easy because the biggest challenge that Dogecoin is facing is that it has limited use cases. Also, there have been no major developments since its inception. The fact that Dogecoin has managed to survive this long is impressive.
Dogecoin Price Prediction 2019: Dogecoin News Update – Dogecoin News Today – DOGE/USD – Elon Musk Dogecoin – Current Price Of Dogecoin
At the time of writing, the price of Dogecoin was $0.003440. This means that it is up by 2.23% against the USD and up by 1.14% against the price of BTC. The trading volume over a 24 hour period is $86,206,534 and the market capitalization is $411,945,185. The next few days of trading will determine if the price action is going to change or not. However, BTC seems to be gathering momentum. Dogecoin must cross the resistance at $0.0035 to gain more against the USD.
What do you think about the Dogecoin price prediction 2019 in our Elon Musk Dogecoin news update today? Share your thoughts about the price of Dogecoin in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
