Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Crypto Price Predictions

Will Dogecoin Price Cross the $0.1 Mark in April 2023?

Hania by Hania
April 10, 2023
in Crypto Price Predictions, Altcoin News
Reading Time: 2 mins read
A A
0
Dogecoin's Price Bounces Back After 2023's Worst Shorting Period
Share on FacebookShare on Twitter
ADVERTISEMENT

DOGE Price Prediction: Despite Twitter’s blue bird logo, the Dogecoin emblem appeared on April 3, which contributed significantly to the ongoing recovery in the price of the cryptocurrency. As a result, the coin price shot up to $0.1.05, its highest level in 4 months, before reversing lower and entering a correction phase. Should you take advantage of this DOGE pullback opportunity?

Important Points

  • The DOGE price might increase if there is a potential reversal from the 0.618 FIB and gain back lost territory. 
  • The current decline will be prolonged by a drop below the 0.618 FIB, which will show a weakness in bullish momentum.
  • A 58% drop is indicated by the $1.69 billion in 24-hour trading volume for Dogecoin.
Will Dogecoin Price Cross the $0.1 Mark in April 2023
Source-Tradingview

The Dogecoin price began to decline on April 4th from the psychological level of $0.1, which began a new retracement phase. The coin’s price fell 19% during the previous five days to reach its current level of $0.0828.

As a result of this decline, the gains made during the Twitter announcement also vanished, showing that the buyers were unable to maintain this news-driven spike. The combined support of the $0.08 and 0.618 Fibonacci retracement levels has almost been achieved by the DOGE price.

You May AlsoLike

Crypto.com And PayPal Set To Dominate PYUSD Trading Worldwide

Crypto.com And PayPal Set To Dominate PYUSD Trading Worldwide

September 29, 2023
Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023

Will Dogecoin Price Cross the $0.1 Mark in April 2023?

Theoretically, buyers might find support from this low FIB support to continue the bullish comeback. As a result, prospective traders must hold off on investing their money in the market until the price demonstrates sustainability above these levels.

In the event of a potential reversal from $0.08, the price will increase 9% to the key resistance level of $0.09 and regain bullish momentum. The potential rebound or continuation of the downturn is affected by this resistance, therefore traders must pay attention to it.

Technical Indications

(RSI) Relative Strength Index: Despite a substantial correction, the daily RSI slope was able to hold above the midline, indicating that the market is expecting a bullish comeback.

EMAs: A very concentrated support zone was created by the daily EMAs (20, 50, 100, and 200) accumulating close to the $0.08 support.

Intraday Levels of the Dogecoin Price

  • Spot rate: $0.082
  • Trend: Bearish
  • Medium volatility
  • Resistance levels: $0.09 and $0.01 
  • Support levels: $0.08 and $0.071
Tags: crypto newsmarket analysisprice prediction
Share76Tweet48
ADVERTISEMENT
Previous Post

Only 1% Of Cryptocurrency Investors Reported Their Taxes To The Authorities

Next Post

GDAC, A South Korean Crypto Exchange, Hacked For Close To $14 Million

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Crypto.com And PayPal Set To Dominate PYUSD Trading Worldwide
Crypto Exchanges

Crypto.com And PayPal Set To Dominate PYUSD Trading Worldwide

September 29, 2023
Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins
Altcoin News

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023
Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support
Crypto Exchanges

Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

September 28, 2023
XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023
Altcoin News

XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

September 27, 2023
Shiba Inu’s Price Turns Green After A Brief Bearish Phase
Altcoin News

Shiba Inu’s Price Turns Green After A Brief Bearish Phase

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week
Altcoin News

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
Next Post
GDAC, A South Korean Crypto Exchange, Hacked For Close To $14 Million

GDAC, A South Korean Crypto Exchange, Hacked For Close To $14 Million

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

    199 shares
    Share 80 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    194 shares
    Share 78 Tweet 49
  • Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

    192 shares
    Share 77 Tweet 48
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.