As a seasoned crypto investor with a knack for spotting trends and patterns, I find myself intrigued by the recent surge in DOGE‘s price. With over two decades of experience in the tech industry, I’ve learned to read between the lines and decipher the subtlest of market signals.
The rates of most of the coins are rising on the last day of the week, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 2.09% since yesterday. Over the last week, the price has fallen by 3.04%.
Looking at the hourly graph, Dogecoin’s price appears to be centered within its current channel. If today’s daily bar closes close to $0.09651, it seems probable that growth will push prices towards the $0.097 – $0.098 range in the near future.
On a day-by-day basis, the growth in the value of Dogecoin continues following a seemingly unsuccessful breach of its $0.09184 support line. But it appears that the meme currency could use some additional time to gather strength before making another significant push.
For the coming days, it’s most probable that the price will fluctuate horizontally between the range of $0.095 and $0.099.
Looking from a midpoint perspective, the situation appears more pessimistic (bearish) than optimistic (bullish), as the price hovers close to the support level of approximately $0.08196. For bulls to take control, they must push the rate up to at least the $0.11 range.
DOGE is trading at $0.09601 at press time.
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2024-09-08 14:28