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DOGE Price Analysis for March 8

Wed, 03/08/2023 - 18:00
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Denys Serhiichuk
How long is fall of DOGE going to last?
DOGE Price Analysis for March 8
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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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The bearish trend might have come back to the cryptocurrency market, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


The rate of DOGE has declined by 1.71% over the last 24 hours.

DOGE/USD chart byTradingView

Despite today's decline, the price of DOGE might have found the local support level at $0.07212. However, it is too early to think about the trend reversal as not enough energy has been accumulated yet. In this case, the more likely scenario is accumulation around the $0.073 area.

DOGE/USD chart byTradingView

On the daily time frame, the rate has also bounced off the support, which means that there are chances to see a slight correction. If the candle closes far from the support, one can expect growth to the $0.074 area within the next few days.

DOGE/USD chart byTradingView

A similar situation can be seen on the weekly chart as the price has made a false breakout of the support. However, the volume keeps going down, which means that buyers are not ready yet to buy at the current levels.

SHIB, LEASH and BONE Price Analysis for March 7

Likewise, sideways trading in the area of $0.073-$0.075 is the more likely scenario until the end of the month.

DOGE is trading at $0.07325 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