March 2 DOGE Price Analysis

Dogecoin (DOGE) has dropped by 2.36% in the past 24 hours, breaking the local support level at $0.08045. The decline may continue to the next zone of buyers’ interest at $0.07926 if buyers are unable to seize the initiative. On the daily time frame, the situation is bearish as the price has fallen below the important mark of $0.08. Traders should pay attention to the nearest support at $0.07878, and if the closure happens nearby, it could lead to a test of the $0.077-$0.078 zone within the next few days. On the weekly chart, the price of DOGE is on its way to the support at $0.07780. The volume is declining, making a bounce back to the current levels unlikely. Closing below the mentioned mark could be a prerequisite for an ongoing drop to $0.075. The current price of DOGE is $0.0799. As with all investments and trading decisions, risks should be weighed carefully, and investors should perform their own research before making any moves.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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