DOGE Prediction for August 27

2 months ago 25843

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Original U.Today article

Denys Serhiichuk

Is price of DOGE ready to bounce back?

DOGE Prediction for August 27

Cover image via U.Today

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Buyers are still unable to seize the initiative, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has dropped by 3.11% over the past day.

Despite today's fall, there are no reversal signals yet. The price of DOGE is coming back to the local support level of $0.1035.

If it breaks out, the correction may continue to the $0.1010-$0.1020 zone soon.

A bearish picture can also be seen on the daily time frame. If the candle closes around the current prices or below, there is a chance to see a test of the vital area of $0.10 within the next few days.

Bulls have failed to keep the growth going after the previous bullish bar closure. If the decline continues until the end of the week, traders may witness a test of the $0.09 mark.

DOGE is trading at $0.1033 at press time.

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].