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DOGE Price Analysis for August 29

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Tue, 29/08/2023 - 18:35
DOGE Price Analysis for August 29
Cover image via www.tradingview.com

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Buyers have come back to the game, according to CoinStats data.

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Top coins by CoinStats

DOGE/USD

The price of DOGE has increased by 3.76% since yesterday.

DOGE/USD chart byTradingView

Image by TradingView

On the hourly chart, DOGE's price has broken through the local resistance level of $0.06389. If the daily bar closes above this mark, the upward trend may continue, potentially reaching the $0.066 zone tomorrow.

DOGE/USD chart byTradingView

Image by TradingView

On the daily time frame, DOGE's price has experienced a false breakout above the resistance level of $0.06546. Traders should currently pay attention to the bar closure. If it closes near the mentioned level, a significant price increase to the $0.067-$0.068 range could be expected soon.

DOGE/USD chart byTradingView

Image by TradingView

From the mid-term point of view, the price of DOGE has tested the recently formed level of $0.06546. If the situation does not change by the end of the week, buyers will have an opportunity to take control of the market.   

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All in all, it can lead to a potential upward move to the area of $0.068.

DOGE is trading at $0.06486.

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