DOGE Price Prediction for December 4

12/04/2024 21:53
DOGE Price Prediction for December 4

Has drop of DOGE started yet?

Original U.Today article

Has drop of DOGE started yet?

DOGE Price Prediction for December 4

Cover image via U.Today

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The market is mostly bullish; however, there are some exceptions to the rule, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has dropped by 0.86% over the last 24 hours.

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Image by TradingView

On the hourly chart, the price of DOGE is trading near the local support of $0.4101. If the daily bar closes near it or below, the correction is likely to continue to the $0.40 zone soon.

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Image by TradingView

On the bigger time frame, neither bulls nor bears are dominating. In this case, there are low chances to expect any sharp moves soon. 

Related

SOL and DOGE Price Prediction for December 2

All in all, ongoing sideways trading in the zone of $0.39-$0.45 is the more likely scenario.

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Image by TradingView

From the midterm point of view, the picture is quite similar. Thus, the volume keeps going down, which means none of the sides has accumulated enough strength to seize the initiative. All in all, traders may witness a consolidation in the wide area of $0.35-$0.45 for the next few weeks.

DOGE is trading at $0.4123 at press time.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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