Dogecoin Bull Run Will Start In 2020 After The Flat 2019

The Dogecoin bull run will start this year for sure after it had a pretty flat year in 2019 after attempting to match up with all the others market bulls during the bullish bias since mid-January of this year. In our Dogecoin news predictions, we read more about the price.

The altcoin witnessed a major lack of momentum in 2019 and this year it is expected to improve. If we compare how the coin saw some huge escalations in price in 2017 and 2018, it is now the right time for a dogecoin bull run. Two years ago, the currency had seen an increase of 1481 percent before going on a falling wedge. The coin surged dramatically just before it entered 2018 and then the coin reached a high of $0.0144 with an escalation of 1076%.

Dogecoin strongly pulled back to the $0.00333 and then started forming a few lower highs. Last year, the overall market saw quite a bit of uptrend but the currency was quite unaffected by it. since then, the coin got a lot of bearish pressure. Also, DOGE traced a head and shoulders pattern which shows a huge plunge as well. This year, the coin formed a few bullish candles and it is expected to shift its price trend upwards.

According to the charts from yesterday, there is a gradual price rise for DOGE. The coin escalated by 9.09 percent before closing but today the coin has corrected down to $0.0024. The RSI of the coin is at 50 which shows no extremities while the MACD is about to have a major bullish crossover close to the zero-line. DOGE has been facing a lot of resistance above the $0.00254 price range and this stiff resistance can get cleared only if the coin maintains a steady uptrend.

Previously, Dogecoin has been the first altcoin to post significant increases. Knowing that October ended in a positive note for Dogecoin as Binance announced the DOGE/USD listing, the price has been increasing. However, this was not necessarily because of the announcement. Dogecoin may be a token that will initiate a new altseason – and the price looks to have made a bottom as it is in the first stages of a new market cycle. A breakout from the 200-day moving average (MA) would confirm the trend.