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DOGE Price Prediction for January 5
The price of Dogecoin (DOGE) has been steadily moving upwards since the beginning of the year, and it’s difficult to predict whether this trend will continue or not. However, based on the analysis provided by our team, we can provide some insights.
In a recent report, we highlighted that DOGE is trading within a wide channel. The latest price action has taken us down to the bottom of the range, which presents an interesting buying opportunity for traders.
The weekly chart shows a clear rate in the middle of the wide channel. If the weekly bar closes around the current prices ($0.3852), sideways trading in the area of $0.35-$0.40 is more likely.
In this scenario, we can expect a lot of congestion and consolidation within the given range, which may lead to a potential breakout or breakdown at any moment.
Source: u.today
