banner image

Category: Crypto News, News

DOGE Price Prediction for June 6

By Published On: June 6, 20241.3 min readViews: 600 Comments on DOGE Price Prediction for June 6


Read U.TODAY on

Google News

The market is facing a slight correction at the beginning of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

DOGE/USD

The price of DOGE has declined by 1.49% over the last 24 hours.

Image by TradingView
On the hourly chart, the rate of DOGE might have found a local support level of $0.1617. Now, one needs to pay attention to the daily closure in terms of this mark. 

If the daily closure happens far from that mark, there is a chance to see a bounce back to the resistance.

Image by TradingView
On the daily time frame, the price is trading within yesterday’s bar, which means neither buyers nor sellers are dominating. An upward move may happen only if the breakout of the interim level of $0.1650 takes place.

Image by TradingView
From the midterm point of view, the picture is similar as the rate of DOGE is far from the key levels. In addition, the volume is falling, which means buyers are not ready yet to buy the coin at current prices. All in all, ongoing consolidation in the zone of $0.15-$0.17 is the more likely scenario.

DOGE is trading at $0.1620 at press time.

About the author

Source link


Discover more from BIPNs

Subscribe to get the latest posts to your email.

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts to your email.