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Dogecoin Price Prediction – Will Dogecoin Trail Shiba Inu?



 In our last Dogecoin course forecast , we asked ourselves whether the Dogecoin course is bullish again. The reason for the consideration was a tweet from Elon Musk. There he wrote that he will accept Dogecoin as a payment method at Tesla. After Elon Musk tweeted the tweet, the price exploded. Despite everything, we came to the conclusion that the chart of the Dogecoin price is not bullish. We wrote that the price would need to reclaim the $0.19 resistance for us to be bullish again. To date this has not happened.


The Shiba Inu price, on the other hand, has risen by around 100% in the last few days. In the near future, the price could increase by another 100%. But could the Dogecoin course follow suit and also increase by 100%? We'll enlighten you! 


The Dogecoin price could rise up to the resistance $0.19 and thus take some of the Shiba Inu rise. However, we do not expect a 150% price increase, as with the memecoin competitor Shiba Inu. After hitting the $0.19 resistance, Dogecoin price might decline steadily to resume the downtrend. Currently, the price is consistently performing lower lows and lower highs. In the best case, this is what a downward trend looks like.


Due to the extreme rise, supports are far away. Because of this, we expect the Dogecoin price to drop to around $0.10. There is a psychological level there. These often serve as support, which is why we assume a short-term trend reversal here as well. If the $0.10 support breaks, then the price could drop to $0.05 – $0.06.

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