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DOGE Price Prediction for August 1

Fri, 1/08/2025 - 15:27
Can traders expect local rise from DOGE soon?
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DOGE Price Prediction for August 1
Cover image via U.Today

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The market is back to the red zone at the end of the week, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

DOGE is one of the biggest losers today, falling by 7.26%.

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Image by TradingView

On the hourly chart, the rate of DOGE is near the local resistance after a false breakout of the support of $0.2033. If the daily bar closes around that mark or above, the upward move is likely to continue to the $0.2150 zone.

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Image by TradingView

On the longer time frame, the picture is less bullish. The price of the meme coin remains near the $0.2066 support. 

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The volume remains low, which means traders are unlikely to witness increased volatility by the end of the week.

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Image by TradingView

From the midterm point of view, there are no reversal signals yet. If bulls lose the $0.20 mark, the correction is likely to continue to the $0.18 mark.

DOGE is trading at $0.2094 at press time.

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