Dogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular “Doge” Internet meme and features a Shiba Inu on its logo.
The codebase of Dogecoin was a fork of Litecoin, in which most of the same features such as hashing algorithm are the same, with the only difference of branding and large inflationary supply. Dogecoin followers have always been asking if Dogecoin would ever reach $1. It is hard to say where the price action will go, but high volatility seems to be a mainstay as the utility of the cryptocurrency remains unclear being a meme coin. Its 24 hour trading volume was $1,280,026,429 and its Marketcap is $16,986,785,192. Let us review DOGE price.
DOGE Price Prediction
DOGE has broken the support zone of $0.1581. It is likely to continue the bearish momentum and break down towards the lower support zone of $0.0939. This could be the possible bottom for DOGE. Once the support zone of $0.1581 is taken back, we could start seeing a bullish momentum. A move towards $0.2049, $0.2338, $0.2578, $0.2806, $0.3139 and $0.3563 could be possible.
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