Dogecoin (DOGE) Price Prediction and Analysis in September 2020

In today’s article, we will be taking into account historical prices, developments, and some of the market opinions for DOGE in order to compile a Dogecoin price prediction for the month of September.

Dogecoin Overview

DOGE is a decentralized peer-to-peer digital currency, which allows users to send and receive money online. It was unveiled in 2013 based on the image of the DOGE meme. Since its launch, the coin has had an incredible price chart until last month, when it saw a massive jump. It is said that the DOGE price increased to over 100% within 3 days.

Currently, the trading price of Dogecoin is $0.003224, with a slight decrease of -2.14% in the last 24 hours. The crypto is currently ranked 44, with a market cap of $406,275,942 and a circulating supply of 126,021,348,249 DOGE.

Dogecoin Price Prediction: Analysis

August started on a promising note for DOGE, as the price stood at $0.003531 the first day before dipping down to $0.003361 the next day. The price continued to fluctuate throughout the week until August 7th, when it managed to rise to $0.003636 but later fell to $0.003398 on that day.

DOGE made an impressive price jump to $0.003723 on August 17th before falling to $0.003482 the next day. The Dogecoin price chart continued to stagger, trading between $0.003546 and $0.003461.

However, the coin showed a promising recovery when it traded at $0.003486 in the mid-day of August 24, but fell down the next day. Then, on August 26, the price fell to $0.003309, which has led to questions over the predictions. Experts are of the view that the coin might fall further below $0.0033 before the end of the month.

The pivot, resistance, and support levels calculated by Walletinvestor are:

  • Resistance Level (R3):00360;
  • Resistance Level (R2):00352;
  • Resistance Level (R1):00341;
  • Pivot Point:00333;
  • Support Level (S1):00322;
  • Support Level (S2):00313;
  • Support Level (S3):003025.

Developments 

DOGE was mentioned by many TikTok influencers in July, prompting the price to rise above 100% within three days. However, a look at the coin shows that the price of the coin during the year had various fluctuations on the price chart. DOGE is always in its best form when BTC/USD is in its consolidation period.

DOGE Price Prediction: Market Opinion for September 2020

Many websites have made several Dogecoin price predictions for September. As we normally do, we will show you various predictions so that you can make your own decisions about buying or selling DOGE coins.

Cryptoground

It is one of the leading prediction sites. According to  Cryptoground‘s, the DOGE coin will be priced at $0.0024, which means that it will suffer a decrease of -24.76% in September.

Coinpredictor

Coinpredictor forecasts that DOGE will be priced at $0.003261, with a decrease of $-2.2% in September.

Gov.capital

According to Gov.capital, the coin will start trading in September at $0.003791, with a maximum of $0.005129 and a minimum of $0.003791.

To make it clearer, the site revealed Dogecoin price prediction for September, and you can check this list below:

Bitverzo

Bitverzo , a popular prediction website, forecasts that the coin will have a price of $0.015036 in early September, and it will close the month at $0.004353. The site projects the month’s minimum price to be $0.013001, with a maximum of $0.017231 at the later end of September.

Cryptorating

Cryptorating shows that Dogecoin will be trading at around $0.004317 within the next month, with a +29.33% change.

Walletinvestor

According to Walletinvestor’s, Dogecoin’s price prediction for the first day of September is $0.00333, with a possible maximum of $0.00345 and a minimum of $0.00321.

Dogecoin Price Prediction: Verdict

After studying the market and going through the various market opinions, we expect that Dogecoin could see an increase between $0.003 and $0.004 in September.

Featured image: criptonoticias.com

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