Dogecoin Price Prediction and Analysis in April 2020

We will be taking into account the past prices and market opinions of the DOGE crypto, so that we can conjure up a Dogecoin price prediction for April 2020.

Dogecoin Overview

Dogecoin (DOGE) is one of the oldest cryptos, appearing on the market in 2013. The coin was inspired by the then-popular Doge meme.

Dogecoin has a current trading price of $0.001857, with a decrease of 1.01% in the last 24 hours. The crypto is ranked at 33rd place according to a market cap of $230,042,973,
with a circulating supply of 123.861.343.884 DOGE.

$173,098,815 worth of DOGE coins were traded in the last 24 hour period, which is less than the $182,697,142 of last month. The lowest volume this month was recorded on March 7^th, with $88.138.038 worth of DOGE being traded.

Dogecoin Price Prediction: Analysis

Dogecoin started March at $0,002233, and throughout the week, it managed to climb up to $0,0025 levels by March 7^th. The next day, the coin saw a major drop to $0,002187.

On March 11, Dogecoin opened at $0.0022 and gradually dropped within two days to $0.0013. There were some signs of rebounds in the next few days, with the coin reaching $0,001738 on March 13^th, but then the coin fell back down again to $0.0016 levels. Until March 18^th, DOGE traded between $0.0014 and $0.0015, with occasional brushes with $0.0016 and $0.0017 resistance levels recorded during intraday movements.

On March 19^th, the coin opened at $0,001844 and closed at $0,001773. The next day also showed promise, as DOGE touched a new resistance level of $0,001931, and closed at $0,001785.

In the 7-day charts, Dogecoin maintained strong support at $0.0015, having an overall bearish tendency, with the market pushing the coin towards $0.0017. Like most of the entire crypto market, Dogecoin is facing a negative momentum. March 23^rd saw an opening price of $0,001727 and closed at $0,001805.

source :https://www.thecoinrepublic.com/

Today, March 25^th, DOGE is trading at $0.001855, with a decrease of 1.23% in the last 24 hours.

The Dogecoin price charts show that the bearish momentum was there since the start of March. The importance of the coin downtrend for the altcoin can be spotted in the graphs as well.

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

•  Resistance Level (R3): 0.00197
• Resistance Level (R2): 0.00189
• Resistance Level (R1): 0.00185
• Pivot Point: 0.00177
• Support Level (S1): 0.00173
• Support Level (S2): 0.00165
• Support Level (S3): 0.00161

Developments

On March 31, 2020, it was announced that the IRC tipbot Doger, the official Dogecoin bot for donations, will be shut down. Users will no longer be able to make donations using this bot.

On March 31, 2020, the #dogecoin IRC tipbot Doger will be shutting down.

Further information can be found here: https://t.co/yrkdHFjbsb

Please help us notify as many users as possible ❤️

— Dogecoin (@dogecoin) December 26, 2019

Other major developments or partnerships regarding Dogecoin and its project have not been published recently in the media.

Dogecoin Price Prediction: Market Opinion for April 2020

There have been several sites that have developed their own Dogecoin price prediction for April, and as usual, we included some of them to better reflect the market sentiment for DOGE.

Tradingbeasts

Tradingbeasts expects Dogecoin to reach $0.0023448 when April 2020 starts. The site forecasted that the maximum price would be around $0.0029204 and the minimum price of $0.0019859. The closing price for Doge is estimated at $0.0035013 for April, with a change of 29.43%.

Cryptoground

Cryptoground‘s Dogecoin price prediction expects the coin to change hands at $0.0025 at the start of April, which signifies a change of 24.55%. Doge was also forecasted to have a trading price of $0.0024 in the middle of April, which is an increase of 21.79%.

Coinpredictor

Coinpredictor expects DOGE to be trading in April at $0.002316, which means a loss of -3.8%.

Digitalcoinprice

Digitalcoinprice made a very optimistic Dogecoin price prediction for April 2020, forecasting that the crypto will have a price of $0.00349194, which signifies an increase of 88.61%.

Gov.capital

Gov.capital projected that Dogecoin will start April at a price of $0.00169, with an estimated maximum of $0.0019435 and a minimum of $0.0014365. The site also forecasted that on the last day of April, DOGE will have an average trading price of $0.00277, a maximum of $0.0031855, and a minimum of $0.0023545. The site also provided price predictions for the rest of the days in April.

Altcoinforecast

Altcoinforecast predicted that Doge would be trading at $0.001609 at the start of April, and the site also forecasted that the coin will close the month at $0.0012.

Bitverzo

Bitverzo expects that on April the 1st, Dogecoin would have an average price of $-0.000609, with a minimum of $-0.003622 and a maximum value of $0.002390. The last day of the month is projected to have an average of $-0.000018, with a possible minimum of $-0.002906, and a possible maximum of $0.003052. The website also provided a Dogecoin price prediction for the rest of the days of the month of April, as well as their respective minimum and maximum prices.

Cryptorating

Cryptorating predicted that in one month, Dogecoin will be valued at $0.001467, which would mean a drop of -21.26%.

WalletInvestor

WalletInvetsor made a Dogecoin price prediction for the first three days of April, along with their maximum and minimum prices for each particular day.

Dogecoin Price Prediction: Verdict

This has been our Dogecoin price prediction for April 2020. The market opinions are very bearish at this point, with many forecasting that DOGE will lose from its value in the month to come.

Featured image: nulltx.com

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