DOGE Price Prediction for August 3

The situation has not changed much as most coins remain in the red zone, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has fallen by 0.60% since yesterday. Over the last week, the price has fallen by 16.35%.

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On the hourly chart, the price of DOGE is near the formed resistance of $0.1995. If bulls can hold the gained initiative until the end of the day, the growth may continue to the $0.2050 mark.
 

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On the bigger time frame, the rate of the meme coin has bounced off the support of $0.1884.

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However, it is too early to think about a fast reversal as not enough energy has been accumulated yet. In this case, sideways trading in the area of $0.1950-$0.2050 is the more likely scenario.

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From the midterm point of view, the situation is less bullish. If the weekly bar closes with no long wick, the correction is likely to continue to the $0.18 area.

DOGE is trading at $0.1976 at press time.

Source: https://u.today/doge-price-prediction-for-august-3