DOGE Price Analysis for August 29

Denys Serhiichuk

What is the likelihood of seeing a short-term DOGE price spike?

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Buyers have come back to the game, according to CoinStats data.

Top coins by Coinstats

Top coins by CoinStats


The price of DOGE has increased by 3.76% since yesterday.

DOGE/USD chart byTradingView

Image by TradingView

On the hourly chart, DOGE’s price has broken through the local resistance level of $0.06389. If the daily bar closes above this mark, the upward trend may continue, potentially reaching the $0.066 zone tomorrow.

DOGE/USD chart byTradingView

Image by TradingView

On the daily time frame, DOGE’s price has experienced a false breakout above the resistance level of $0.06546. Traders should currently pay attention to the bar closure. If it closes near the mentioned level, a significant price increase to the $0.067-$0.068 range could be expected soon.

DOGE/USD chart byTradingView

Image by TradingView

From the mid-term point of view, the price of DOGE has tested the recently formed level of $0.06546. If the situation does not change by the end of the week, buyers will have an opportunity to take control of the market.   

All in all, it can lead to a potential upward move to the area of $0.068.

DOGE is trading at $0.06486.

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