Dogecoin (DOGEUSD) Price Forecast: October 30
The DOGEUSD pair has grown remarkably. The crypto price may bounce up to a level of $0.174 as it demonstrates renewed bullish momentum despite recent market downturns. The coin price is facing a high volume from the bulls. Thus, the potential breakout from the immediate resistance of $0.147 will give additional confirmation for a bullish recovery if the bulls can increase their efforts in the market. The recovery target might be the $0.174 resistance mark, reflecting increased market interest.
Key Levels:
Resistance Levels: $0.150, $0.151, $0.152
Support Levels: $0.130, $0.129, $0.128
DOGE (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Dogecoin could bounce up to the $0.174 resistance as it continues moving in a bullish direction.
During the last session, the DOGEUSD pair reached and held the $0.146 resistance level, which has made it possible for the coin to bounce up and remain above the supply levels in its recent high.
Today’s daily bullish candle at the $0.151 supply value above the moving averages confirms the bulls’ dominance in the market.
This breakup may accelerate the bullish momentum and bounce up to hit the $0.174 high mark and extend the ongoing correction to a higher level.
Additionally, the price of DOGEUSD might increase further if the bulls could push harder. If this is achieved, the price might bounce up to $0.174 resistance to reach the $0.180 upper resistance level in the nearby days and beyond in its higher time frame.
DOGE (USD) Medium-term Trend: Bullish (4H Chart)
The Dogecoin is in an ascending pattern and may bounce up to a level of $0.174 as bulls demonstrate their strength in the medium-term outlook.
This is due to the high inflow from the long traders. The high order flow by the bulls to a $0.144 supply value in the last session has enabled the DOGEUSD price to bounce up and stay strong above the resistance lines.
The market price of Dogecoin is experiencing an upward breakout as it bounced up to the $0.151 high level above the EMA-50 as the 4-hourly chart opens today, signaling a potential upward movement. This will give the crypto a high tendency to rise further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the Dogecoin price above the $0.151 current value, the resulting rally may bounce up to $0.174 and hit the $0.180 psychological level at the upside in the day ahead in its medium-term perspective.
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