Dogecoin & Ethereum Price Prediction | 2 February 2022 | DOGE & ETH Market Update

Dogecoin & Ethereum Price Prediction | 2 February 2022 | DOGE & ETH Market Update

The Dogecoin and Ethereum Price Prediction 2022 has grown to be a significant asset class (and has rewarded many investors with considerable financial advantages); the move is also being driven by increased speculation that cryptocurrency is the “must catch” wave of the future.

Let’s Take a Look at the Technical Movement of Dogecoin and Ethereum:

Dogecoin Price Prediction 2022

The price of Dogecoin began with a streak of red candlesticks on January 16, when it dropped 35% in six days. This downswing slashed through the swing low of $0.128 on December 4; but recovered and closed above it.

DOGE has since generated a sideways swing, indicating consolidation around the $0.14 level. Any short-term increase in buying demand is anticipated to boost Dogecoin’s price up 15% to $0.164. Because this level coincides with the 50-day Simple Moving Average (SMA); the confluence will be difficult to overcome.

Assuming buyers get together and break over this resistance level, there is a good probability this rally will continue to $0.194 i.e., towards the next resistance level almost in line with the 100-day SMA. This change would bring the total increase to 37%.

Dogecoin & Ethereum Price Prediction | 2 February 2022 | DOGE & ETH Market Update image | BuyUcoin
@priya

The significant increase in the number of 24-hour active addresses from 139,490 to 436,630 since January 25 supports this upward scenario for Dogecoin pricing. This 213 percent increase in active addresses indicates that investors are interested in DOGE at current prices.

If the Dogecoin price breaks through the immediate support level at $0.128 and produces a daily candlestick close below it; the bullish thesis will be invalidated.

This downturn could be the tipping point for a tumble to the $0.09 support level.

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Ethereum Price Prediction 2022

If the market can get back above the $3000 barrier level, the Ethereum price prediction will almost certainly launch off a bullish run.

Key Levels for ETH are $3200, $3400, and $3600 are the resistance levels. Whereas Support levels are $2300, $2100, and $1900.

Ethereum (ETH) is starting to maintain a positive trend within the channel, and traders should expect the price to rise further as the bulls apply more pressure to the market.

Dogecoin & Ethereum Price Prediction | 2 February 2022 | DOGE & ETH Market Update image | BuyUcoin
@priya

If the lower limit is breached again, the Ethereum price may fall back to the $2500 and $2400 support levels. Furthermore, if the market maintains its upward trend; traders can anticipate a bullish continuation after reaching the $2800 level.

Because the technical indicator Relative Strength Index (14) is pointing north and is above the 40-level, the next resistance levels might be $3200, $3400, and $3600, respectively.

When compared to Bitcoin, buyers are about to re-enter the market, while the coin is attempting to show some positive indicators that might lead to greater highs if it continues to move above the 9-day and 21-day moving averages.

Looking up, the nearest resistance level is 7500 SAT, with stronger resistance levels at 7700 SAT and above.

Meanwhile, the nearest support level is at 6800 SAT, and if the price declines further to make a new bottom, lower support might be found around 6500 SAT and below. Furthermore, the technical indicator Relative Strength Index (14) is about to pass above the 50-level; indicating that the bulls are gaining momentum.

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