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DOGE Prediction for September 8

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Sun, 8/09/2024 - 11:22
DOGE Prediction for September 8
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The rates of most of the coins are rising on the last day of the week, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has risen by 2.09% since yesterday. Over the last week, the price has fallen by 3.04%.

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Image by TradingView

On the hourly chart, the price of DOGE is in the middle of the local channel. However, if the daily bar closes near $0.09651, the growth is likely to continue to the $0.097-$0.098 range soon.

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Image by TradingView

On the daily time frame, the rate of DOGE keeps rising after a false breakout of the support level of $0.09184. However, the meme coin might need more time to accumulate energy for a further move.

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In this case, sideways trading in the zone of $0.095-$0.099 is the more likely scenario for the next days.

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Image by TradingView

From the midterm point of view, the picture is more bearish than bullish as the price remains near the support of $0.08196. If bulls want to seize the initiative, they need to restore the rate to at least the $0.11 range.

DOGE is trading at $0.09601 at press time.

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