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DOGE Price Prediction for June 19

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Wed, 19/06/2024 - 12:45
DOGE Price Prediction for June 19
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The cryptocurrency market remains bearish; however, there are some exceptions to the rule, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

Unlike other coins, the price of DOGE has increased by 2.74% over the last day.

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Image by TradingView

On the hourly chart, the rate of DOGE is closer to the resistance than to the support. If the breakout of the $0.1267 level happens, the rise may continue to the $0.13 range.

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Image by TradingView

On the bigger time frame, neither buyers nor sellers are dominating. In this case, there are low chances to expect any sharp moves soon. 

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All in all, ongoing sideways trading in the zone of $0.12-$0.13 is the more likely scenario for the next few days.

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Image by TradingView

From the midterm point of view, the price of DOGE is on its way to testing the support of $0.1064. However, if the weekly bar closes far from its low, one can expect a local bounce back to the $0.14 area.

DOGE is trading at $0.1251 at press time.

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