Dogecoin (DOGE) Price Prediction and Analysis in July 2020

We will be examining some of the past prices and market opinions for the DOGE crypto so that we can issue a Dogecoin price prediction for July 2020.

Dogecoin Overview

Dogecoin (DOGE) is a popular meme turned into a crypto that appeared on the market in 2013. The coin was based on the image of the then-popular Doge meme.

Dogecoin has a current trading price of $0.002337, with a decrease of -0.28% in the last 24 hours. The crypto is ranked at 35th place according to a market cap of $292,696,434, with a circulating supply of 125,242,269,284 DOGE.

$109,288,629 worth of DOGE coins were traded in the last 24-hour period, which is less than the $221,939,917 of last month.

Dogecoin Price Prediction: Analysis

For most of the beginning of June, Dogecoin kept trading between the $0.0025 and $0.0026 range. Starting with June 15^th, DOGE went below the $0.0025 support line and descended into $0.0024 territory, closing the day at $0,002479.

Dogecoin then went through a consolidation period in which it traded tightly between the upper range of $0.0024 and the $0.0025 resistance. On June 24^th, DOGE dipped below the $0.0024 support, reaching an intraday low of $0,002389. While the coin recovered towards the end of the day, the same pattern occurred the next day. The sign of a bearish period was signaled by the closing price of June 26^th, when DOGE closed at $0,002359.

On June 27^th, Dogecoin recorded a 10 percent drop in price, going to a new low of $0.00229. June 28^th saw DOGE going through a similar price action like the rest of the altcoin market, falling by 12 percent, bringing the coin to $0.0022. The next day, the coin managed to recover enough to trade mostly above $0.0023. The same pattern occurred on the last day of June.

July started with Doge trading at $0,002320, and showed some attempts at getting back to $0.0024, but closed the day at $0,002354.

The pivot, resistance, and support levels calculated by WalletInvestor are:

• Resistance Level (R3): 0.00244
• Resistance Level (R2): 0.00241
• Resistance Level (R1): 0.00237
• Pivot Point: 0.00234
• Support Level (S1): 0.00230
• Support Level (S2): 0.00226
• Support Level (S3): 0.00222

Developments

There have been no recent updates, developments, or news related to the Dogecoin project or crypto in the past month.

Dogecoin Price Prediction: Market Opinion for July 2020

There have been several sites that have launched their own Dogecoin price prediction for July, and as usual, we decided to feature some of them in order to better relay the market sentiment for DOGE.

Cryptoground

Cryptoground‘s Dogecoin price prediction sees the coin at a price of $0.0024 at the start of July, with a change of 2.97%. The next week, the site expects the coin to increase by 5.67% and reach $0.0025, while towards the end of the month, they see Doge rising by 3.33% to $0.0024.

Coinpredictor

Coinpredictor forecasted that DOGE will be trading tomorrow at a price of $0.002308, which means a loss of -0.1%. In the next days, DOGE is expected to go down to $0.002181, with a loss of -5.6%. The coin is expected to close the month with an increase of 20.6%, which would place it around $0.002786.

Digitalcoinprice

Digitalcoinprice’s Dogecoin price prediction for July 2020 placed the coin at an optimistic value of $0.00539038, which marks an increase of 129.28%.

Gov.capital

Gov.capital forecasted that Dogecoin will have in mid-July a price of $0.00213, with an estimated maximum of $0.00215 and a minimum of $0.00210.

Altcoinforecast

Altcoinforecast predicted that Doge would be trading at $0.0021 at the end of July.

Bitverzo

Bitverzo provided a Dogecoin price prediction for all days of the month of July, as well as their respective minimum and maximum prices.

Cryptorating

Cryptorating expects that Dogecoin will reach a price of $0.002266 in the next 24 hours, which signifies a decrease of -3.49%. In the next week, Dogecoin is predicted to go down to $0.002049, down by a percentage of -12.73%. The site expects the coin to close the month at $0.002147, with a decrease of -8.56%.

Walletinvestor

Walletinvestor issues a Dogecoin price prediction for the next 10 days of the month of July, as well as their respective minimum and maximum prices.

Dogecoin Price Prediction: Verdict

This has been our Dogecoin price prediction for July 2020. The market opinions are mostly leaning for a bearish DOGE forecast in the near-term future.

Featured image: reddit.com

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