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DOGE Price Analysis for December 18

Sun, 12/18/2022 - 12:21
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Denys Serhiichuk
Can DOGE continue correction next week?
DOGE Price Analysis for December 18
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Bulls could not seize the initiative on the last day of the week. There are some exceptions, however.

Top coins by CoinMarketCap


Unlike other coins, the rate of DOGE has risen by 1.73% over the last 24 hours.

DOGE/USD chart byTradingView

On the hourly chart, the day has started with a price blast, setting the support level at $0.07755 and the resistance at $0.07949. If the rate remains close to the upper level until the end of the week, there is a chance to see a continued rise to the $0.08 zone tomorrow.

DOGE/USD chart byTradingView

On the bigger time frame, the situation is unclear as buyers have not seized the initiative yet after yesterday's bullish candle. Currently, traders' attention should be focused on the nearest mirror level at $0.08. If a breakout happens, the upward move may last to the $0.084 zone.

XRP Price Analysis for December 17

Thus, the selling volume is declining, confirming bears' weakness.

DOGE/USD chart byTradingView

The complete opposite picture is on the weekly chart as the rate is located near the support level at $0.07053. Currently, there are no prerequisites for a midterm rise as buyers have not accumulated enough power yet. In this case, a drop below $0.07 is the more likely scenario until the end of the month.

DOGE is trading at $0.07909 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