Dogecoin has been the topic of discussion due to the support provided by an entrepreneur and the influential CEO of Tesla, Elon Musk. During the early European session, Dogecoin is trading bearish at the $0.2450 level, losing -1.01% for the day. Forex trading participants will be looking for a buy trade above the $0.2372 level to reach the target of $0.2475 and $0.2540. During the early European session, Dogecoin is trading bearish at the $0.2450 level, losing -1.01% for the day. The day before, DOGE/USD was closed at $0.247400 after posting a high of $0.248200 and a low of $0.238900. The DOGE/USD extended its gains and rose for a second consecutive session amid improved market sentiment and the weakness in the US dollar. Dogecoin price prediction remains neutral at 0.2417 level, trading in a symmetrical triangle pattern. As cryptocurrencies are gaining massive attraction from all over the globe, Dogecoin has become a perfect entry point for newcomers to the crypto space, as the price of Ethereum and Bitcoin is very high. Tesla’s CEO Elon Musk Underpins Dogecoin Lately, Dogecoin has been the topic of discussion due to the support provided by an entrepreneur and the influential CEO of Tesla, Elon Musk. Recently, an award-winning multi-currency trading platform, PrimeXBT, has announced that it will list seven trending cryptocurrencies on its platform. The list included Dogecoin, Cardano, Polkadot, Solana, XRP, Chainlink, and Uniswap. The list will join the already existing BTC, ETH, and LTC digital assets and traditional markets consisting of stock indices, forex currencies, commodities, metals, and much more. Dogecoin is one of the seven total altcoins that PrimeXBT added mainly because of the growing interest of institutional and other investors. Furthermore, the DOGE/USD also moved higher onboard after the US dollar showed weakness for the day. On Wednesday, the greenback was low on the board after investors became cautious about placing strong bids in the market ahead of the Fed’s September policy meeting that is due next week. The DXY dropped to 92.42 and pushed DOGE/USD higher as both have a negative correlation. DOGE/USD 4-Hour Chart Dogecoin Price Prediction – Technical Levels Support Resistance 0.241466 0.250766 0.235533 0.254133 0.232166 0.260066 Pivot Point: 0.244833 Dogecoin Price Prediction – Brace to trade a symmetrical triangle at $0.2375 Dogecoin price prediction remains neutral at the 0.2417 level, trading in a symmetrical triangle pattern. Currently, Dogecoin is trading at the 0.2442 level, facing immediate resistance at the 0.2541 level. The formation of candles under the 0.2541 mark supports a strong bearish bias in Dogecoin. On the 4- hour chart, the pair has formed a symmetrical triangle pattern that supports the pair at 0.2372. For now, the DOGE/USD pair may find strong resistance at the 0.2541 level. On the bearish side, the pair is likely to find immediate support at the 0.2372 level. The bearish breakout of this level can extend the selling trend until the 0.2252 level. On the bullish side, the breakout of the 0.2541 resistance level could expose the currency pair towards the next resistance level of 0.2625. These resistance levels are being extended by 38.2% and 50% Fibonacci correction levels, respectively. The 50 periods EMA (exponential moving average – red line) is holding at 0.2390. Dogecoin is closing candles under the 0.2390 mark, which confirms the bearish trend. Lastly, the leading technical tool, Stochastic RSI, holds in a sell zone below 20, ensuring a bearish bias among investors. Therefore, the forex trading participants will be looking for a buy trade above the $0.2372 level to reach the target of $0.2475 and $0.2540. All the best. Where to Buy Dogecoin? You can buy it on eToro. It’s one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions. Looking to buy or trade crypto now? Invest at eToro! Buy DASH Now Capital at risk Ali B. Ali B. Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection. Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis. View All Post By Ali B. Crypto NewsDaily Look share Read Next USD/CHF Price Rallies After US Retail Sales, Aiming for 0.93 Olimpiu Tuns 1 year Dogecoin has been the topic of discussion due to the support provided by an entrepreneur and the influential CEO of Tesla, Elon Musk. During the early European session, Dogecoin is trading bearish at the $0.2450 level, losing -1.01% for the day. Forex trading participants will be looking for a buy trade above the $0.2372 level to reach the target of $0.2475 and $0.2540. During the early European session, Dogecoin is trading bearish at the $0.2450 level, losing -1.01% for the day. The day before, DOGE/USD was closed at $0.247400 after posting a high of $0.248200 and a low of $0.238900. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.