DOGE Price Prediction for March 9

The weekend has started neutral for the cryptocurrency market, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has fallen by 1.74% over the last 24 hours.

On the hourly chart, the price of DOGE is in the middle of the local channel between the support at $0.1628 and the resistance at $0.1721.

As most of the daily ATR has been passed, ongoing sideways trading in the area of $0.1650-$0.170 is the more likely scenario.

A similar situation is on the bigger time frame. Neither buyers nor sellers have accumulated enough energy for growth or a fall. The upward move may only continue if the rate returns to the $0.18 zone.

From the midterm point of view, the weekly bar is about to close far from its peak. If that happens, traders may witness consolidation in the area around $0.15 within the next few days.

DOGE is trading at $0.1674 at press time.

Source