{"id":157506,"date":"2023-09-17T16:52:37","date_gmt":"2023-09-17T11:22:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/dogecoin-price-prediction-as-rising-supply-pressure-hints-12-fall-crypto-news\/"},"modified":"2023-09-17T16:52:40","modified_gmt":"2023-09-17T11:22:40","slug":"dogecoin-price-prediction-as-rising-supply-pressure-hints-12-fall-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-price-prediction-as-rising-supply-pressure-hints-12-fall-crypto-news\/","title":{"rendered":"Dogecoin Price Prediction as Rising Supply Pressure Hints 12% Fall &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-159416\">\n<p>\nOverhead resistance trendline may bolster sellers to continue the downward trend in the near future; sell now?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/PlCiwwv2-e1694947479980.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"DOGE Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/&#038;text=Dogecoin Price Prediction as Renewed Supply Pressure Hints 12% Fall\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">DOGE price <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/doge-price-prediction-can-recovery-push-dogecoin-to-0-07\/\">experienced a noticeable dip<\/a> on September 10th, breaking through a pivotal support trendline. Historically, this ascending trendline supported the coin\u2019s recovery phase, making its breach a significant signal of a potential continued decline. However, recent buying pressures in the broader market seem to have derailed this trajectory, as DOGE turned sideways, nullifying its earlier breakdown. Can this trigger a fresh rally?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/sponsored\/what-next-for-top-cryptos-dogecoin-xrp-and-pomerdoge-in-2023\/\">What Next For Top Cryptos \u2013 Dogecoin, XRP, And Pomerdoge In 2023?<\/a><\/p>\n<h2><b>Is DOGE Poised to Hit $0.055 Mark?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The DOGE price may witness aggressive supply pressure at the overhead trendline<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A bearish reversal from the resistance trendline will set the coin price for an 11-12% drop<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The 24-hour trading volume in the Dogecoin is $138.5 Million, indicating a 19% loss<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"DOGE Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/PlCiwwv2.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/PlCiwwv2.png\" alt=\"DOGE Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source-Tradingview\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The newfound support at $0.06 coupled with the broader market\u2019s bullish sentiment, has led to a modest 5% recovery over the past week. Impressively, this bounce-back has nullified the bearish implications of the September 10th dip, highlighting the diminishing strength of the bearish trend.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The current upswing is expected to rise another 3% gain from current levels of $0.062 which would position the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/dogecoin\/\">Dogecoin price<\/a> against a downward-sloping resistance line. This trendline has historically halted the meme coin\u2019s bullish endeavors on three distinct occasions, reflecting its significance.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">If the bear manages to establish dominance at the overhead trendline, especially around the $0.064 price level, we could expect the memecoin price to face renewed selling pressure. Under such circumstances, a potential decline of 11-12% could be anticipated, propelling coin prices towards the $0.057 region.<\/span><\/p>\n<h2><b>DOGE vs SHIB Performance<\/b><\/h2>\n<figure id=\"attachment_159420\" aria-describedby=\"caption-attachment-159420\" style=\"width: 716px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159420\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin Vs Shiba Inu Price\" width=\"716\" height=\"443\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM.png 716w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM-300x186.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM-150x93.png 150w\" data-lazy-sizes=\"(max-width: 716px) 100vw, 716px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-159420\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM.png\" alt=\"Dogecoin Vs Shiba Inu Price\" width=\"716\" height=\"443\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM.png 716w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM-300x186.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Screen-Shot-2023-09-17-at-4.38.48-PM-150x93.png 150w\" sizes=\"auto, (max-width: 716px) 100vw, 716px\"\/><\/noscript><figcaption id=\"caption-attachment-159420\" class=\"wp-caption-text\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Source: Coingape| Dogecoin Vs Shiba Inu Price<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A look at the last three months\u2019 price action shows the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/Shiba-Inu\/\">Shiba Inu price<\/a> (currently trading at $0.00000761) is witnessing a steeper correction in comparison to the DOGE price since the latter part of August. This suggests that Dogecoin has demonstrated greater resilience during the recent market fluctuations.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, this coin price wobbling close to a yearly support trendline indicates a better potential for a rebound.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Bollinger Bands: <\/b><span style=\"font-weight: 400;\">The narrow range of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Bands<\/a> indicates prevailing market indecision.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Vortex Indicator: <\/b><span style=\"font-weight: 400;\">The alignment of the VI+ (blue) and VI- (orange) in a bearish configuration suggests that the selling drive is currently dominant.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/&#038;text=Dogecoin Price Prediction as Renewed Supply Pressure Hints 12% Fall\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/doge-price-prediction-as-rising-supply-pressure-hints-12-fall\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159416\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD159416\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overhead resistance trendline may bolster sellers to continue the downward trend in the near future; sell now? Published 10 seconds ago DOGE price experienced a noticeable dip on September 10th, breaking through a pivotal support trendline. Historically, this ascending trendline supported the coin\u2019s recovery phase, making its breach a significant signal of a potential continued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":157507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-157506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157506"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157506\/revisions"}],"predecessor-version":[{"id":157508,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157506\/revisions\/157508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157507"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}