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DOGE Price Prediction for March 12

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Tue, 12/03/2024 - 18:00
DOGE Price Prediction for March 12
Cover image via www.tradingview.com

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Sellers have not managed to completely seize the initiative; however, some cryptocurrencies are in the red zone already, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has declined by 2.22% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of DOGE is approaching the support of $0.1675. If buyers cannot seize the initiative by the end of the day, traders may expect a blast to the $0.1650 zone tomorrow.

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Image by TradingView

On the daily time frame, buyers could not keep the rise going after yesterday's bullish closure. Meanwhile, sellers have not seized the initiative yet. 

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In this case, sideways trading in the area of $0.17-$0.18 is the more likely scenario until the end of the week.

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Image by TradingView

On the bigger chart, neither bulls nor bears are dominating as the rate is trading within the previous bar. Buyers may start thinking again about a further upward move only if the price gets back to the $0.20 area and fixes above it.

DOGE is trading at $0.1696 at press time.

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