Dogecoin is in the deciding phase – here is the DOGE price prediction for next week

Dogecoin is among the most traded tokens, attracting enough liquidity, maintaining volatility. Meanwhile, the latest price movement remains stuck in a narrow range, hinting at bullish and bearish downward pressure. While the spot market remains volatile, the whales seem confident in the upcoming price movement as they continue to transfer large amounts of DOGE but do not impact the DOGE rally According to data from a popular reporting platform, Whale Alert, an interesting transfer of over 478 million DOGE between two unknown wallets was reported. Another data from Santiment shows that these whales have been selling off since the first week of April. Despite the growing selling pressure on the token, the trade setup suggests that the Dogecoin price is (DOGE) about to have a major breakout, which could clear the way towards $0.2

Dogecoin’s short-term price action suggests that the token is stuck in a decisive triangle of symmetry and is oscillating along support to reach the edge of the consolidation. The RSI has randomly reached the upper level, while the bears are trying to trigger a bearish crossover. The historical pattern suggests that the RSI may sustain around the upper level for some time, which could help the price maintain its upward momentum On the other hand, the MACD turned bullish after selling pressure was overwhelmed by a significant increase in buying pressure. With this, the price of Dogecoin (DOGE) is expected to rise and test the resistance level of the triangle. Meanwhile, the volume of support has not yet been recorded, which may reduce the speed of the rally. However, a rally above $0.17 may confirm the bullish overcoming of the bearish influence, and until then, the price is expected to remain consolidated in a narrow range