Advertisement
AD

Main navigation

DOGE Price Analysis for May 4

Advertisement
Thu, 4/05/2023 - 18:00
DOGE Price Analysis for May 4
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

Sellers have failed to dominate for long, according to the CoinMarketCap ranking.

Advertisement

Top coins by CoinMarketCap

Top coins by CoinMarketCap

DOGE/USD

The price of DOGE has risen by almost 1% over the last 24 hours.

DOGE/USD chart byTradingView

Image by TradingView

On the local time frame, the rate of DOGE is looking more bearish than bullish as the price is near the support level at $0.07795. If the bar closure happens near it, the breakout may lead to a further drop to the $0.0775 zone.

DOGE/USD chart byTradingView

On the daily chart, the rate of DOGE has continued to drop after the failed attempt to fix above the $0.08 zone.

Related

In this case, there is a high possibility of seeing a decline to the support level at $0.07480. Such a scenario is relevant until mid-May.

Image by TradingView

DOGE/USD chart byTradingView

Image by TradingView

A bit more positive picture can be seen on the weekly chart, as the rate of DOGE has not decided yet which way to go. Respectively, the ongoing consolidation in the range of $0.075-$0.085 is the more likely scenario until the end of the month.

DOGE is trading at $0.07819 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

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

Popular articles

Advertisement
AD