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DOGE/USD: Price Analysis and Predictions for June 7

DOGE/USD: Price Analysis and Predictions for June 7

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by Giorgi Kostiuk

4 hours ago


Today, DOGE has shown solid growth, increasing by nearly 5%. This article presents current data and predictions for this cryptocurrency.

Current Market Situation of DOGE

DOGE is currently demonstrating significant growth, increasing by 5%. The hourly chart shows a bullish trend; if the daily candle closes above resistance, this may indicate a continued rise towards the $0.19 zone and above.

Future Prospects and Targets

On a longer time frame, the price of DOGE shows growth following yesterday's bullish closure. A resistance test is likely within the next few days.

Chart Analysis and Conclusion

From a mid-term perspective, it is essential to watch the weekly candle closure. If it occurs with a long wick, bulls may locally seize the initiative, leading to an increase to the $0.20 mark. Currently, DOGE is trading at $0.1879.

In conclusion, DOGE displays positive trends in the market. The next critical level to monitor is the closing of the weekly candle.

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