Dogecoin (DOGE) Price Prediction 2023: May Go Bullish After Elon Musk's Pepe-Themed Profile Picture

The Dogecoin price prediction shows that the Dogecoin price remains within a bullish setup, as long as it sustains above the 21-day MA and the rising channel's midline.

Dogecoin (DOGE) price prediction remains bullish as long as it sustains above the 21-day MA and the rising channel’s midline. A close above the resistance at $0.400 could propel DOGE toward the next resistance levels at $0.500, $0.550, and $0.600.

On the other hand, a rejection from the resistance could lead to a pullback, with the 21-day MA or the lower boundary of the channel around $0.300 acting as potential support zones while the critical supports lie at $0.255, $0.205, and $0.155.

DOGE/BTC Begins the Upward Movement

Dogecoin (DOGE/BTC) price is attempting to break toward the upper boundary of the ascending channel, with immediate resistance located at 500 SAT and above. A successful breach above this level could push the price higher toward 550 SAT.

However, if the price fails to maintain the current momentum, it may retest the support at 350 SAT, which aligns with the 9-day MA. A further drop could lead the price toward the lower boundary of the channel at 280 SAT, which could locate the critical support level at 255 SAT and below. Moreover, traders should monitor the volume and price action near these key levels to confirm the direction of the next significant move.