CandleFocus DOGE Prediction for September 8
2024-09-08
Author: Content Editor
According to CoinMarketCap, the rates of most coins are rising on the last day of the week. Specifically, the rate of DOGE has increased by 2.09% since yesterday, although it has fallen by 3.04% over the past week. On the hourly chart, the price of DOGE is positioned in the middle of the local channel, with the potential for growth to the $0.097-$0.098 range if the daily bar closes near $0.09651. However, on the daily time frame, DOGE is still climbing after a false breakout of the support level at $0.09184, but it may require more time to accumulate energy for further upward movement. Therefore, sideways trading in the $0.095-$0.099 zone is the more probable scenario in the coming days. From a midterm perspective, the overall outlook is more bearish than bullish, with DOGE remaining near the support of $0.08196. To reclaim initiative, the bulls would need to restore the rate to at least the $0.11 range. Currently, DOGE is trading at $0.09601.
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