March 8 DOGE Price Analysis
The cryptocurrency market may be experiencing a bearish trend, according to CoinMarketCap. The rate of Dogecoin has decreased by 1.71% over the last 24 hours, and while it may have found support at $0.07212, it is too early to predict a trend reversal, with accumulation likely around the $0.073 area. However, the rate has also bounced off support on the daily timeframe, indicating the possibility of a slight correction and growth to the $0.074 area within the coming days. The weekly chart shows a similar situation, with the price falsely breaking out of support but volume continuing to decrease, suggesting buyers are not ready to purchase at current levels. It is therefore likely that Dogecoin will continue to trade sideways at $0.073-$0.075 until the end of the month. At the time of writing, Dogecoin is trading at $0.07325.
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