Dogecoin price prediction for today, January 4 – InsideBitcoins

By Crypto Gloom On Jan 5, 2025

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The Dogecoin price prediction shows that Dogecoin price will remain within a bullish setup as long as it remains above the 21-day MA and the midline of the rising channel.

Dogecoin prediction data:

Current Dogecoin price – $0.383
Dogecoin market capitalization – $56.42 billion
Dogecoin circulating supply – 147.48 billion
Dogecoin total supply – 147.48 billion
Dogecoin CoinMarketCap Ranking – 7th

Dogecoin (DOGE) has shown remarkable growth since its inception, rising an impressive +449,559.03% from its all-time low of $0.00008547 in May 2015. Although it is currently trading approximately -47.89% below its all-time high of $0.7376 reached in May 2021, DOGE remains a strong contender in the cryptocurrency space. Over the past 24 hours, prices ranged from $0.3748 to $0.3946, reflecting typical market activity. This impressive journey from niche meme coin to widespread adoption highlights the importance of early participation and thorough research when it comes to cryptocurrency investments.

DOGE/USD Market

Main level:

Resistance levels: $0.500, $0.550, $0.600

Support levels: $0.255, $0.205, $0.155

Dogecoin price prediction for today, January 4 – DOGE technical analysis — DOGEUSD – daily chart

DOGE/USD is currently trading at the $0.383 level, above the 9-day and 21-day moving averages. Meanwhile, in the ascending channel range, the nearest resistance could be located at $0.400, while the nearest resistance could be located at $0.450. However, if the market rises, additional resistance can be found near the top of the channel.

Dogecoin Price Prediction: Dogecoin (DOGE) Could Be Bullish.

The daily chart of Dogecoin (DOGE/USD) shows a gradual recovery, with the price currently trading at $0.383. The market is moving within a rising channel supported by the 9-day and 21-day moving averages (MAs). The recent bounce above the 9-day MA signals a revival of bullish momentum and the price is currently targeting the $0.400 resistance level. The 21-day MA at $0.3398 acts as dynamic support and reinforces the bullish structure.

nevertheless. If the uptrend continues, the price is likely to retest the $0.500 resistance level, which coincides with the channel’s center line. A break above this barrier could indicate a stronger bullish rally, potentially targeting the $0.550 and $0.600 resistance levels. Conversely, a rejection near this resistance could lead to a decline. The 21-day MA or the lower channel limit near $0.300 acts as potential support, while important supports are located at $0.255, $0.205, and $0.155.

DOGE/BTC begins upward movement

The daily chart of Dogecoin (DOGE/BTC) shows the price trading at 391 SAT, showing some bullish momentum as the market is above the 9-day moving average (MA) of 350 SAT and the 21-day MA of 348 SAT. The rising channel structure remains intact, indicating a medium-term upward trend. The price finds immediate resistance above 500 SAT and is attempting a breakout towards the upper boundary of the channel. Meanwhile, a successful breach above this level could push the price up to 550 SAT.

However, if the price fails to maintain the current momentum, it may retest support at 350 SAT, which coincides with the 9-day MA. A further decline could lead the price towards the channel’s lower limit at 280 SAT, which could find an important support level below 255 SAT. Traders should also monitor volume and price movement near these key levels to determine the direction of the next important move.

On that note, @Evolution4x explained to his followers on X (formerly Twitter) that he expects Dogecoin ($DOGE) to surpass $1 and that this goal is very close. What do you think about the future of $DOGE and its potential to achieve this milestone?

$SUI If you press your nose against the ceiling… After that, you have to go into hyperspace. reference @blknoiz06 pic.twitter.com/Qrq004PAZe

— Raoul Pal (@RaoulGMI) January 3, 2025

Alternatives to Dogecoin

Dogecoin price appears to be hitting a new high after touching a daily low of $0.376 and reaching a resistance level of $0.400. However, the market price may remain above the 9-day and 21-day moving averages, but higher support is expected at the $0.375 level. Meanwhile, Wall Street Pepe has garnered quite a bit of attention in the cryptocurrency space, as Elon Musk’s Pepe-themed profile picture sparked interest and continued tweets generated excitement. The token is gaining momentum, with daily trading volume exceeding $500,000 and heading toward $1 million.

ChatGPT says Wall Street Pepe will see 10x to 100x profits.

Wall Street Pepe’s success is further bolstered by comparisons with other meme coins such as Pepe Unchained, which initially achieved a 7x increase. Buoyed by past gains, many investors are reinvesting in Wall Street Pepe as its stars strive for growth. With significant support and growing interest, Wall Street Pepe is poised to deliver significant returns, making it an attractive option for both seasoned and new investors.

Visit Wall Street Pepe