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DOGE Price Analysis for September 1

Fri, 09/01/2023 - 18:00
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Denys Serhiichuk
Does growth rate of DOGE have any prerequisites at beginning of new month?
DOGE Price Analysis for September 1
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The buyers' dominance has not lasted long, according to CoinStats.

Top coins by CoinStats


The rate of DOGE has declined by 3.82% since yesterday.

Image by TradingView

On the hourly chart, the rate of DOGE has almost touched the local support level of $0.06281. If the price comes back to it again, there is a high probability of seeing a channel breakout, followed by a blast to the $0.062 area soon.

Image by TradingView

Today's fall has not affected the general technical situation on the daily time frame. The price is in the middle of the wide channel, which means that neither buyers nor sellers are dominating at the moment. 

Bitcoin (BTC) Price Analysis for August 31

All in all, sideways trading in the area of $0.063-$0.065 is the more likely scenario for the next few days.

Image by TradingView

From the midterm point of view, the rate of DOGE has failed to fix above the interim mark of $0.065. If nothing changes by the end of the week, the breakout of the $0.06 zone may lead to the test of the support of $0.05509 until mid-September.

DOGE is trading at $0.06358 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