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DOGE Prediction for August 7

time:2024-09-11 23:59:53 scan (143)

Bears are back in the game, however, there are some exceptions, according to CoinMarketCap.

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DOGE/USD

The rate of DOGE has increased by 1.40% over the last 24 hours.

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The price of DOGE might have set a local resistance level of $0.1020. At the moment, it is returning to the support level.

If buyers cannot seize the initiative by the end of the day, there is a chance of a breakout followed by a move to the $0.09 zone.

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On the daily time frame, one should pay attention to the nearest level of $0.09136. If the rate returns to it, the accumulated energy may be enough for a dump to the $0.08 area. Such a scenario is relevant until the end of the week.

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On the bigger chart, traders should also focus on that level. If the weekly candle closes far from it, there is a possibility of a bounce back to the important zone of $0.1 and above.

DOGE is trading at $0.0977 at press time.

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