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DOGE Price Analysis for February 10

Fri, 02/10/2023 - 20:00
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Denys Serhiichuk
Has DOGE found local bottom yet?
DOGE Price Analysis for February 10
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls might need more time to come back to the game, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


DOGE is the biggest loser today, falling by 7.64%.

DOGE/USD chart byTradingView

DOGE is trading sideways on the local time frame, accumulating power for a further move against the low volume. The rate has made a false breakout of the support at $0.08113.

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If the candle fixes near the $0.0833 mark, traders may expect an impulse to the $0.084 zone tomorrow.

DOGE/USD chart byTradingView

On the daily chart, there is a chance to see a bounce back as bears seem unlikely to drop the rate below yesterday's low at $0.07878. Likewise, a consolidation between $0.082 and $0.084 is the more likely scenario until the end of the week.

DOGE/USD chart byTradingView

From the midterm point of view, the situation is not so bearish as the rate of DOGE has made a false breakout of the support level at $0.08165. If buyers can hold the rate above that mark until the bar closure, the bounce back may continue to the $0.086 area the next week.

DOGE is trading at $0.08246 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at