Advertisement
AD

Main navigation

DOGE Price Analysis for June 8

Advertisement
Thu, 8/06/2023 - 18:00
DOGE Price Analysis for June 8
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Neither bulls nor bears are controlling the situation on the market today, according to the CoinMarketCap ranking.

Advertisement

Top 10 coins by CoinMarketCap

DOGE/USD

The rate of DOGE has risen by 1.24% over the last 24 hours.

DOGE/USD chart byTradingView

Image by TradingView

On the hourly chart, the rate of DOGE is trading near the local resistance at $0.06847. If buyers can hold the gained initiative, traders can expect a channel breakout and further upward move to the $0.07 zone.

DOGE/USD chart byTradingView

Image by TradingView

On the bigger time frame, the price of SHIB has not decided yet which way to go. Thus, the volume has fallen, which means that buyers are not ready yet to get back in the game. Currently, one should focus on the interim mark of $0.065.

Related

If a breakout of it happens, there is a high possibility to see a test of the support at $0.06251 shortly.

DOGE/USD chart byTradingView

Image by TradingView

From the midterm point of view, sellers are not giving up as the rate keeps slowly approaching the support at $0.05577. In this case, traders are likely to see an ongoing drop to the area of $0.04-$0.05 by the end of the month.

DOGE is trading at $0.06806 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD