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DOGE Price Analysis for September 15

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Fri, 15/09/2023 - 15:16
DOGE Price Analysis for September 15
Cover image via www.tradingview.com

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Bears have returned to the game, as the prices of most of the coins are again in the red area.

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DOGE/USD

The rate of DOGE is almost unchanged since yesterday.

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Image by TradingView

On the hourly chart, the price of DOGE has fixed below the local support level of $0.06176. If buyers cannot return the rate above that mark by the end of the day, the fall may continue to the $0.061 area tomorrow.

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Image by TradingView

On the bigger time frame, the rate of DOGE has once again bounced off the resistance level, which means that bears remain more powerful than bulls.

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Thus, today's bar is about to close without a long wick, which means that there is a high chance of seeing an ongoing drop soon. If that happens, traders are likely to see the test of the $0.060 zone soon.

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Image by TradingView

From the midterm point of view, the rate of DOGE has made a false breakout of the previous bar's low. At the moment, one should focus on the candle closure. If it happens far from the $0.05938 level, one can expect a local rise to the resistance by the end of the month.

DOGE is trading at $0.06150 at press time.

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