DOGE Prediction for September 8
According to CoinMarketCap, most coin rates are on the rise on the last day of the week.
DOGE/USD:
The price of DOGE has increased by 2.09% since yesterday. However, over the last week, it has experienced a 3.04% decline.
Looking at the hourly chart, DOGE is currently within the middle of a local channel. If the daily bar closes near $0.09651, it is likely that the price will continue to move within the range of $0.097-$0.098 in the near future.
On the daily time frame, DOGE is seeing a rise after a false breakout of the $0.09184 support level. However, the meme coin may require more time to gather momentum for a potential upward move.
In this scenario, it is more probable that DOGE will trade sideways within the range of $0.095-$0.099 in the coming days.
From a midterm perspective, the bearish outlook is more prevalent, as the price remains near the support level of $0.08196. If the bulls want to regain control, they will need to push the price back up to at least the $0.11 range.
At the time of writing, DOGE is trading at $0.09601.