DOGE Price Prediction for February 9

Bulls are back in the game on the last day of the week, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has risen by 3.08% since yesterday. Over the last week, the price has fallen by 13.48%.

The price of DOGE is looking bearish on the hourly chart. If the situation does not change by the end of the day, one can expect a support breakout, followed by a further drop to the $0.25 area.

On the bigger time frame, the rate of DOGE is far from the key levels. In this case, one should focus on the current candle closure. If it happens far from its high and with a long wick, traders may witness a correction to the support of $0.2427 soon.

From the midterm point of view, the price of the meme coin has made a false breakout of the support of $0.2204.

If the weekly bar closes far from that mark, there is a chance of a local bounce back to the $0.26-$0.28 range.

DOGE is trading at $0.2540 at press time.

Source