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DOGE Price Analysis for April 19

Wed, 04/19/2023 - 16:51
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Denys Serhiichuk
Can traders expect a more profound drop in the DOGE price?
DOGE Price Analysis for April 19
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Bears have seized the initiative according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


The rate of DOGE could not withstand the sellers' pressure, declining by 5.50%.

DOGE/USD chart byTradingView

On the hourly chart, the price of DOGE has broken the support level at $0.08974. If buyers cannot restore the rate above that mark until the end of the day, the fall may continue to the $0.08 zone tomorrow.

DOGE/USD chart byTradingView

On the daily chart, the rate of DOGE has started a sharp drop after a bounce back of the $0.095 mark. Until the price is below that interim level, sellers remain more powreful than bulls.

Bitcoin (BTC) Price Analysis for April 18

Respectively, there is a high chance to see the ongoing correction. Such a scenario is relevant until the end of the week.

DOGE/USD chart byTradingView

On the weekly time frame, neither bulls not bears are dominating as the price is far away from they key levels. In this case, the ongoing consolidation in the range of $0.085-$0.095 remains the more likely scenario until the end of the month.

DOGE is trading at $0.0892 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at