DOGE Price Prediction for October 3

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Original U.Today article

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Denys Serhiichuk

Are there any prerequisites for local rise of DOGE?

DOGE Price Prediction for October 3

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Buyers are not ready yet to seize the initiative, according to CoinStats.

Article imageDOGE chart by CoinStats

DOGE/USD

The price of DOGE has declined by 0.85% over the last day.

Article imageImage by TradingView

On the hourly chart, the rate of DOGE is rising after a false breakout of the support of $0.1018. If the growth continues and the daily candle closes near the resistance, there is a chance to see a test of the $0.11 zone soon.

Article imageImage by TradingView

On the bigger time frame, the price of the meme coin is far from key levels. As none of the sides is dominating, ongoing sideways trading in the range of $0.10-$0.11 is the more likely scenario.

Article imageImage by TradingView

From the midterm point of view, one should focus on the weekly bar's closure in terms of the previous candle low. 

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If the breakout of the $0.10 mark happens, the fall may continue to the $0.09 mark and below.

DOGE is trading at $0.1035 at press time.

About the author

article image

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].

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