CandleFocus DOGE Price Prediction for January 8
2025-01-08
Author: Content Editor
According to CoinMarketCap, the market is currently being dominated by bears. DOGE, a popular cryptocurrency, has seen a significant decrease of almost 12% since yesterday. On the hourly chart, the rate of DOGE experienced a false breakout of the local support level of $0.3404. If the daily bar does not close close to this mark, it is expected that tomorrow there will be a test of the resistance level of $0.3547. On a larger time frame, the interim zone of $0.3359 is important to monitor and if it is broken, there may be enough momentum for DOGE to move towards the $0.32 zone. Looking at the midterm perspective, buyers have not been able to sustain growth after a bullish candle closed. If this situation continues by the end of the day, there is a possibility of a test of the $0.30 range in the near future. Currently, DOGE is being traded at $0.3481.
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