Dogecoin nears top 10 as prices break above $0.14

Cryptocurrency Price analysis and Prediction

April 13, 2022

Cryptocurrency Price analysis and Prediction

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Dogecoin price analysis for April 13, 2022, begins on a bearish note for the token as chances of losing the $0.14 price region as support seem relatively low but considerable. Furthermore, as per our DOGE price analysis for April 12, 2022, the meme coin has found the nearest support at $0.13 and is currently back above the $0.14 price region. However, it is also a fact that Dogecoin is currently more than 80% low from its all-time high which was witnessed at $0.7 in the month of May 2021.

The data from CoinMarketCap shows that the trading volume for Dogecoin has dropped by 5.06% in the last 24 hours, followed by a 2.96% surge in the market cap. Moreover, the Market Dominance of the token has surged to 1%, while the Volume / Market Cap Ratio has a value of 0.06941.

The daily candle for Dogecoin opened at a price of $0.1380 and reached a daily high of $0.1435. Furthermore, the daily low for the token stands at a price of $0.1371, and the price of 1 DOGE at the time of writing is $0.1408

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Dogecoin price analysis on the daily chart for April 13

Dogecoin price analysis on the daily chart for April 13 will consider the data from the indicators which have been placed on the daily chart below.

Source: TradingView

The MACD indicator shows that the MACD line and the signal line are moving apart from each other as the MACD histogram has also turned bearish with red bars.

The RSI indicator reads a value above 51 which means that the bears aim to match the bears in the market. The gradient suggests that higher prices might be seen.

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The price action has dropped to the bearish end of the Bollinger Bands which means that Dogecoin might continue its sluggish movement in the short term.