Dogecoin Price Forecast – DOGE/USD on a Bullish Run – Good Buying Trades!

After Coinbase Pro started accepting inbound transfers of Dogecoin on Tuesday, Elon Musk, who has been a supporter of Dogecoin from the beginning, tweeted, “who let the doge out.” This tweet also added support to the rising prices of DOGE/USD, due to his significant influence as a famous billionaire. Meanwhile, Dogecoin’s Billy Markus, said that crypto prices were mainly driven by fools selling to even greater fools. He said: “I’m honestly wondering what percent you think any crypto is purchased from utility vs greater fool theory. From my viewpoint it’s about 99.99%.The greater fool theory states that you can profit from buying overvalued assets because there will usually be a greater fool willing to pay an even higher price. According to this theory, the cycle continues until there are no greater fools left. After this comment, DOGE should have declined, but it continued rising on Tuesday.

Support         Resistance
0.330460      0.395890
0.290840      0.421700
0.265030      0.461320
Pivot Point:  0.356270The DOGE/USD pair is trading sharply bullish at 0.4257, crossing over the 0.3686 resistance level. Closing of bullish engulfing candles over the 0.3682 level could lead the pair even higher, until the 0.4367 resistance. A bullish crossover at the 0.4367 level could extend the buying trend until the 0.5130 mark. The RSI and MACD support a strong buying trend now; let’s consider taking a buy position over the 0.3708 level today. Good luck!