Technical analysis, price predictions and news on cryptocurrency Dogecoin for 05/05/2021. Doge has went parabolic for the second time in the past month! This run up is likely the result of the upcoming SNL event on Saturday featuring Elon Musk. Doge’s momentum to the upside could continue to launch it to levels unheard of, but if it flattens out and consolidates at this higher level we could see it grind up to resistance at around 75 cents. To the downside, Doge has near term support at around 61 cents, however a break below this and we could see 53 cents. If Doge continues to sell off we could retrace back to the previous all time highs at around 48 cents.
Dogecoin news this week includes:
- Elon Musk’s upcoming SNL appearance is fueling Dogecoin’s rise, says analyst
- Dogecoin hits new all-time high after eToro, Gemini listings
- Oakland A’s becomes first MLB team in history to sell tickets for Dogecoin