What is Dogecoin’s target for growth? What can investors expect?

• The movements mentioned on August 5 are observed in the 3-hour Dogecoin chart.
• Failure to overcome the $0.077 resistance led to a decline, resulting in a gain of over 6% from the support zone.
• If the DOGE price surpasses the $0.077 resistance, it may target $0.079, and $0.084 may become more prominent in 4-hour closings.

Dogecoin has performed the predicted movements in its 3-hour chart. Failure to overcome the $0.077 resistance resulted in a gain of over 6% in the mentioned support zone. If the price surpasses this resistance, the targets will be significant.

Medium-Term DOGE Analysis

Daily DOGE/USD Price Chart

When examining the current technical chart of Dogecoin, we observe that it has rebounded from the support zone we mentioned on August 5, which is at the level of $0.07196, and this rebound has provided readers with a return of over 6%.

Click Here to Review the Dogecoin Analysis We Shared on August 5.

If the DOGE price encounters strong buying demand from the mentioned support range of $0.07196 – $0.0694 as indicated in the analysis and continues to maintain daily candle closes above the $0.0694 support, it is seen that it will aim to sustain the upward trend.

The nearest resistance level for Dogecoin is determined as $0.078. If the Dogecoin price achieves daily candle closes above the $0.078 level, it may make efforts to carry the uptrend to the $0.083 levels. Similarly, if it surpasses the $0.083 resistance, the next target of $0.095 becomes prominent.

Short-Term DOGE Analysis

When examining the 3-hour technical chart of Dogecoin, we observe that the price movements have occurred as we mentioned on August 5. However, it failed to surpass the $0.077 resistance and experienced a decline below this level, providing our readers who entered long positions from the mentioned support zone with a gain of over 6%.

If the DOGE price surpasses the $0.077 resistance with 3-hour candle closes, it may target the $0.079 level. Similarly, if DOGE achieves 4-hour candle closes above the $0.077 level, it may aim to carry the uptrend to the $0.084 levels.

However, if the Dogecoin price fails to surpass the $0.077 resistance again and cannot achieve 3-hour candle closes above this level, there is a possibility of pulling the downward movement back to the support zone. In this case, it is important for investors to closely monitor the price movement.