BTC$20 277.35


ETH$1 145.31




USD Coin


Binance Coin


Binance USD


Dogecoin (DOGE) On the Watch for the Bulls

May 2020

Many perhaps wonder how a meme cryptocurrency could survive at least two notorious market crashes and still maintain the all-time return on investment of 350%. It comes to show that even the underdog, no pun intended, in the crypto space can put up great results and outperform the hyped-up cryptocurrencies with the ‘disruptive technologies that will make the world a better place.’

And when it comes to trading, DOGE is as good a cryptocurrency as any since it has been holding strong for the entire year, losing only 5% of its value from the beginning of 2019. Moreover, the Shiba Inu coin has already performed a full recovery after the so-called coronavirus crash while the neighboring currencies, such as Basic Attention Token (BAT), are still struggling to obtain that feat.

However, it doesn’t mean that the bright future lies ahead of Dogecoin because it remains buried deep in the downtrend. With no real fundamental improvements in sight for DOGE, it could only rely on Bitcoin to pump hard after the halving, and drag the rest of the market to the upside, too. But that presumption is a bit far-fetched, given the current condition on both traditional and cryptocurrency markets, which remain heavily dependent on the developments around the coronavirus pandemic.

DOGE gets a whiff of the bulls

The daily chart reveals that Dogecoin didn’t waste any time to recuperate after the massive dump. It must be said that DOGE had lost only 45% of its value during that time, whereas many other higher-ranked coins degraded by 60% or more - that’s one sturdy meme cryptocurrency here.

1-day DOGE/USDT chart

DOGE began climbing to the upside right off the bat, with no large swings, just moving in tranquility within the ascending channel. The real price action kicked in on April 22, when the hype around Bitcoin halving started gaining momentum, and the global outlook with regard to the COVID-19 pandemic became more or less optimistic. Right at that time, Dogecoin had a protracted dash to the upside that was stopped by the bears at the interim resistance level at $0.0025, the currency’s actual price at the time of writing.

The fact that the price stalled means that traders are most likely to witness the formation of the bullish flag, a continuation pattern which, if appropriately resolved to the upside, means that the price of DOGE could make an even faster sprint to the general downtrend resistance at $0.0033.

But before that, it could retrace to $0.0023, or to the middle line of Bollinger Bands, that would constitute a healthy development.

Also, note how massive has been the buying volume in the period from April 20 until now, and it has been on the rise, which signifies that there is something bullishly-flavored brewing in this market.

All in all, we expect that Dogecoin will retrace to the aforementioned price level and then enjoy the 33% price appreciation over the coming month. Upon that, there could be a prolonged period of consolidation before the attempt at the secondary downtrend resistance.

1-week DOGE/BTC chart

When it comes to the price action against Bitcoin, Dogecoin has literally nothing to hope for - the price has been in the downtrend for years, and with halving approaching, the only way for DOGE to go is southwards.

Author: Alex Paulson for


Doge Price Prediction for 10 Years
Doge Price Prediction for 10 Years
Dogecoin (DOGE): The Botched Tick Tock Rally
Dogecoin (DOGE): The Botched Tick Tock Rally
Dogecoin (DOGE): A Classic Example of Price Manipulation
Dogecoin (DOGE): A Classic Example of Price Manipulation
Dogecoin: Sad Times for Meme Coin
Dogecoin: Sad Times for Meme Coin
Dogecoin (DOGE) in Fear of Pump Aftermath
Dogecoin (DOGE) in Fear of Pump Aftermath
Will DOGE start barking again in 2020?
Will DOGE start barking again in 2020?
Dogecoin Price Forecast for November 2019
Dogecoin Price Forecast for November 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 59.6% 92 $20 277.35 -2.12% -0.29% $386 889 430 746 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 55.2% 90 $1 145.31 -3.04% 4.85% $138 969 035 870 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.998764 -0.01% -0.03% $66 742 331 401 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000530 0.03% 0.05% $55 832 163 481 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.4% 89 $224.81 -4.04% 4.38% $36 706 159 546 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $1.000787 0.10% 0.21% $17 397 351 213 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 62% 80 $0.335982 -2.23% 4.31% $16 242 394 323 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.6% 75 $0.471136 -2.23% 1.44% $15 987 555 258 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 68% 66 $35.51 -5.44% 2.11% $12 172 607 058 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 80 $0.066802 -4.36% 6.01% $8 862 682 263 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 63.2% 78 $7.30 -3.42% -2.45% $7 213 387 817 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 92% 1 $1.000157 0.01% 0.09% $6 718 514 631 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 55.6% 91 $0.065880 0.37% 2.62% $6 093 590 634 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 74 $0.000010 -7.02% 4.64% $5 528 798 046 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 76.8% 50 $5.75 -1.33% -2.42% $5 482 403 972 LEO 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.