DOGE Price Prediction for January 17
Analysis
Price Impact
MedDoge price has risen by 8.04% in the last 24 hours. hourly chart shows a false breakout, suggesting a potential correction. however, a strong daily close above $0.4230 could signal a continuation of the upward trend.
Trustworthiness
MedThe analysis relies on technical indicators and chart patterns. the trustworthiness is moderate because the prediction is based on short-term price action and may not account for broader market forces.
Price Direction
BullishShort-term price action is bullish, with potential for further gains if resistance levels are broken. however, a correction to $0.40 is possible.
Time Effect
ShortThe analysis focuses on short-term price movements (hourly and daily charts) and a potential short-term bullish trend. the midterm prediction is based on weekly bar closure above $0.40 leading to test of $0.48 by month end.
Original Article:
Article Content:
Price Analysis Fri, 17/01/2025 - 13:18 A A A Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The cryptocurrency market keeps going up, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap DOGE/USD The rate of DOGE has risen by 8.04% over the last 24 hours. Image by TradingView On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.4181. If the daily bar closes far from that mark, traders may seize the initiative, which may lead to a correction to the $0.40 area. Image by TradingView On the bigger time frame, one should pay attention to the candle's closure in terms of the nearest level of $0.4230. Related Thu, 01/16/2025 - 14:46 Bitcoin (BTC) Price Prediction for January 16 Denys Serhiichuk If the candle's closure happens around it or above, an upward move is likely to continue to the $0.43-$0.44 range shortly. Image by TradingView From the midterm point of view, the rate of DOGE is far from key levels. In this case, traders should focus on the weekly bar in terms of the previous candle's peak. If it closes above $0.40, there is a chance to see a test of the resistance of $0.48 by the end of the month. DOGE is trading at $0.4104 at press time. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Dogecoin Price Prediction