DOGE Price Analysis for December 8

Buyers remain powerful despite sellers’ pressure, according to CoinMarketCap ranking.

DOGE/USD

The rate of DOGE keeps rising, going up by 3.62%.

On the hourly chart, the price of DOGE is looking bullish as the rate is approaching the recently formed resistance of $0.09876.

If its breakout happens, the upward move may continue to the $0.1 zone tomorrow.

One should pay attention to yesterday’s bar’s peak on the longer time frame. If the candle closes above it, the rise will likely lead to a test of the $0.1050-$0.11 area soon.

From the midterm point of view, the rate of DOGE has made a false breakout of the resistance of $0.1050; however, if the bar closes with no long wick, the accumulated energy might be enough for a breakout, followed by a blast to $0.11 and above.

DOGE is trading at $0.09855 at press time.

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