Dogecoin (DOGEUSD) Price Forecast: January 23
DOGEUSD is very likely to increase in strength as we are seeing a bullish correction in place at the moment. The coin price is attempting the next uptrend while it gave a bullish breakout from the $0.08369 level, suggesting the buy investors are making a recovery attempt. Therefore, the possible rally could push higher to touch the $0.10000 supply value and beyond if the cryptocurrency’s price maintains above the $0.09740 high level.
Key Levels:
Resistance Levels: $0.07000, $0.08000, $0.09000
Support Levels: $0.05500, $0.05000, $0.04500
DOGE (USD) Long-term Trend: Bullish (4H Chart)
The long-term market value of Dogecoin is moving in a bullish direction. The chart also shows that the coin is attempting the next uptrend as the price bar can be sighted slightly above the moving average line. 
During the previous session, the pair reached and held the $0.08718 resistance level. This has made it possible for the coin to remain in an uptrend in its recent high.
Today’s 4-hour bullish candle at $0.08369 supply value above the moving average line confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.
Similar to this, the Dogecoin price is in an upward direction on the daily stochastic, this indicates that the coin buyers are attempting the next uptrend, and with this trend, the price may jump to a $0.10000 high level soon in its long-term outlook.
DOGE (USD) Short-term Trend: Bearish (1H Chart)
The DOGEUSD pair indicates a downward trend with a bearish sentiment in its short-term perspective. It also shows that the price is attempting the next uptrend. The coming market structure will soon favor the bulls. 
Right now, the price is struggling at a critical level, where any directional move will bring wild swing moves.
The market price of Dogecoin is currently trading at the resistance level of $0.08369 slightly below the EMA-50; this assures or confirms the bull’s gradual return to the market and buyer’s attempting the next uptrend. The longer the price stays above the mentioned level, the more pressure builds up to reach a key significant level at the upside.
Additionally, the momentum indicator shows that the price signal is also attempting the next uptrend by moving upward in the market as we expect the price distribution to reach the $0.1000 supply level and beyond sooner in its short-term outlook.
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