Dogecoin Price Prediction for Today, August 5: DOGE/USD Price Targets $0.080 Level

Updated: 05 August 2023

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The Dogecoin price prediction is currently changing hands at $0.075 as the Relative Strength Index (14) moves to cross above the 60-level.

Dogecoin Prediction Statistic Data:

Dogecoin price now: $0.075
Dogecoin market cap: $10.5 billion
Dogecoin circulating supply:$140.4 billion
Dogecoin total supply: $140.4 billion
DOGE/USD coin market ranking: #7

DOGE/USD Market

Key Levels:

Resistance levels: $0.090, $0.095, $0.100

Support levels: $0.060, $0.055, $0.050

Dogecoin Price Prediction for Today, August 5: DOGE/USD Price Targets $0.080 Level — DOGEUSD – Daily Chart

DOGE/USD is still keeping the upward movement as its price moves to the north with a gain of over 3.27%. At the time of writing, the Dogecoin price is likely to cross above the 9-day moving average to touch the resistance level of $0.080, but it could be supported by the downside at $0.070, within tight conditions.

Dogecoin Price Prediction: Dogecoin (DOGE) Could Gain More

During the European session today, the Dogecoin price followed a slight upward trend after the bullish rally failed to materialize above the daily high of $0.077. However, the coin failed to cross above the 9-day moving average but a break above this barrier may provoke a bull run toward the resistance levels of $0.090, $0.095, and $0.100 respectively.

Meanwhile, the daily chart reveals that DOGE/USD may tend to move higher as the technical indicator moves to cross above the 60-level. Nevertheless, if the buyers failed to push the market upward, the market price may slump below the 9-day and 21-day moving averages to reach the support levels of $0.060, $0.055, and $0.050.

When compares with Bitcoin, the Dogecoin price is attempting to cross above the 9-day moving average in other to reach the nearest resistance at 280 SAT. Unless the coin crosses above the 9-day moving average and the price ends up closing above it, there might not be any reason to expect a bullish reversal.

However, any bearish movement toward the lower boundary of the channel could refresh lows below the 21-day moving average and a possible bearish continuation may likely meet the closest support at 245 SAT before falling to 215 SAT and below while the buyers could push the market to hit the resistance at 300 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) heads toward the 60-level to confirm the bullish movement.

Dogecoin Alternatives

According to the daily chart, it is evident that the Dogecoin market may create more bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves above the 50-level.

Meanwhile, Wall Street Memes token presale is still very strong and stands tall among other meme coins thanks to a well-defined roadmap and clear vision. However, during the WSM presale, close to $21 million has been raised so far.

New OKX Listing - Wall Street Memes

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