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DOGE Price Analysis for March 2

Thu, 03/02/2023 - 15:20
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Denys Serhiichuk
When can DOGE return to being bullish?
DOGE Price Analysis for March 2
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Bulls could not hold the initiative for long, and most of the coins have returned to the red zone.

Top coins by CoinMarketCap


DOGE is no exception to the rule, going down by 2.36% over the last 24 hours.

DOGE/USD chart byTradingView

The price of DOGE has broken the local support level at $0.08045 and keeps declining. If buyers cannot seize the initiative, the decline may continue to the next zone of buyers' interest around the $0.07926 mark. Such a scenario is relevant until the end of the day.

DOGE/USD chart byTradingView

The situation is also bearish on the daily time frame as the price has returned below the important mark of $0.08. At the moment, traders should pay attention to the nearest support at $0.07878.

BTC and ETH Price Analysis for March 1

If the closure happens not too far from it, the decline may lead to the test of the $0.077-$0.078 zone within the next few days.

DOGE/USD chart byTradingView

On the weekly chart, the price of DOGE is on its way to the support at $0.07780. The volume is declining, which means there are low chances to see a bounce back to the current levels. In this case, closure below the mentioned mark could be a prerequisite for an ongoing drop to $0.075.

DOGE is trading at $0.0799 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