DOGE Price Prediction for June 8
Sellers are applying continued pressure to DOGE at the start of the weekend, as reported by CoinMarketCap.
DOGE/USD
DOGE has experienced a significant loss in value today, with a drop of 8.21%.
Despite this sharp decline, the current DOGE price still indicates a bearish trend. It is currently hovering near the local support level of $0.1475. If a breakout occurs, we may see a continuation of the correction towards the $0.1450 zone in the near future.
On a larger time frame, there are no signs of a reversal just yet. If the downward trend from yesterday persists, traders should anticipate a test of the $0.1350-$0.14 zone within the coming days.
In terms of the midterm outlook, sellers are still in control of the situation. If buyers fail to hold the interim zone at $0.14, the accumulated selling pressure could lead to a further correction towards the nearest support level at $0.1225.
At the time of writing, DOGE is trading at $0.1474.