DOGE - Open-source digital currency was designed by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, it was forked from Litecoin in December 2013. Based on a dog meme, Dogecoin was designed as a fun, lighthearted cryptocurrency that would appeal to a wider audience than the core Bitcoin audience.

Tesla CEO <a href="https://www.cryptoknowmics.com/news/dogecoin-co-creator-proposes-fee-reduction-gets-backed-by-elon-musk/">Elon Musk</a> has posted on social media that Dogecoin is his favorite coin. David Gokhshtein, the CEO of cryptocurrency media firm Gokhshtein Media, has made a series of bullish cryptocurrency price predictions, including the prediction that Dogecoin will reach $1 in the near future. Let us look at the technical analysis of DOGE.
<h2><b>Past Performance</b></h2>
The current price of DOGE is $0.32, there is an increase of 23.07% in the <a href="https://www.cryptoknowmics.com/news/dogecoin-doge-price-notes-24-hour-double-digit-gains-as-dogecointo1dollar-trends/">last seven days</a>. The price increase of 1.96% is seen in the last 24 hours. In the last 24 hours, DOGE traded between $0.3143-$0.3332.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/d/DfDm2lOM.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/DfDm2lOM/">https://www.tradingview.com/x/DfDm2lOM/</a>
<h2><b>DOGE Technical Analysis
</b></h2>
Currently, the <strong>RSI</strong> is at 67.24%. At 70.31%, the RSI has taken a slight dip. Thus, selling pressures are slowly mounting. We have to wait and watch if selling pressures become strong enough to bring about a bullish trend reversal.

<strong>MACD and EMA lines</strong> are above the zero range, thus suggesting a buy at this level. However, the lines are close to the zero range, therefore, we can expect a trend reversal shortly.

On the daily chart, the <strong>OBV</strong> has broken a downtrend and picked up an upward movement. This suggests that investors' interest is increasing.
<h2><b>Day-Ahead and Tomorrow  </b></h2>
The DOGE price is the same as the pivot point of $0.32. The immediate resistance level is at $0.33, a breakout from this level will highlight the next resistance level at $0.34, and the traders can go long.

However, some of the crucial support levels are $0.317, $0.313, and $0.305. A breakdown from these levels will create an opportunity for a trader to go short.

DOGE Technical Analysis: Trading at Pivot Point of $0.32, Increase in Prices Seen Today

DOGE immediate resistance level is at $0.33, a breakout from this level will highlight the next resistance level at $0.34,and the traders can go long. However, some of the crucial support levels are $0.317, $0.313, and $0.305. A breakdown from these levels will create an opportunity for a trader to go short. 

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

DOGE Technical Analysis: Trading at Pivot Point of $0.32, Increase in Prices Seen Today

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