Dogecoin (DOGE) Price Prediction for August 8
Main Idea
Dogecoin (DOGE) price is consolidating near $0.206, facing resistance and potential breakdown risks due to weak volume and bearish technical indicators.
Key Points
1. Dogecoin price is hovering near $0.206, struggling to reclaim the $0.217–$0.220 resistance band and testing critical support at $0.20.
2. Technical indicators show mixed signals: RSI is at 60.67 but flattening, DMI reflects a weak trend, and Supertrend remains bearish under $0.2468.
3. On-Balance Volume (OBV) is stable at $64.5B, indicating steady volume flow despite recent price dips.
4. Short-term outlook suggests DOGE may remain in the $0.203–$0.213 range unless volume spikes, with potential moves to $0.226 or a retest of $0.195 depending on momentum.
5. EMA and Bollinger Band structures indicate a neutral-bearish bias, with price below major EMAs and squeezed between lower and upper bands.
Description
After pulling back from the $0.26 resistance last week, Dogecoin price today is consolidating near $0.206, clinging to a critical horizontal support aligned with the lower bound of the previous breakout zone. This comes after DOGE dipped back into the descending channel structure, risking a breakdown continuation if volume fails to return. Dogecoin Price Forecast Table: August 8, 2025 Indicator/Zone Level / Signal Dogecoin price today $0.2061 Resistance 1 $0.2135 (EMA cluster top) Resistance 2 $...
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