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Dogecoin Price Prediction Today: Daily (DOGE) Value Forecast – May 10

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  • On the upside, if the $0.002488 price level holds, the crypto’s price will resume its uptrend to break the EMAs and retest the $0.002800 resistance level.
  • On the downside, if the bearish trend continues the crypto’s price will further depreciate to a low at $0.002400 support level.

DOGE/USD Medium-term Trend: Bearish

  • Resistance Levels: $0.00400, $0.004500, $0.005000
  • Support levels: $0.00250, $0.00200, $0.00150

Yesterday, May 9, the price of DOGE was in a bearish trend. On May 4, the crypto’s price was earlier in a bearish trend after being resisted at the $0.002900 price level. On May 7, the price of DOGE was depreciated when the bulls were resisted at the $0.002800 price level. The crypto’s price has fallen to a low at $0.002488.

On the upside, if the $0.002488 price level holds, the crypto’s price will resume its uptrend to break the EMAs and retest the $0.002800 resistance level. On the downside, if the bearish trend continues the crypto’s price will further depreciate to a low at $0.002400 support level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The DOGE price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

DOGE/USD Short-term Trend: Bearish

On the 1-hour chart, the price of DOGE is in a bearish trend zone. On May 7, the crypto’s price fell to a low at $0.002562 to commence a range bound movement below the 12-day EMA and the 26-day EMA. On May 9, the crypto’s price was resisted at the $0.002560 price level as the crypto’s price fell to a low at $0.0024500 price level.

Meanwhile, the price of DOGE is trading at $0.002476 as at the time of writing. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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