DOGE Price Prediction for August 5

Most coins remain in the green zone, according to CoinMarketCap.

DOGE/USD

The price of DOGE has risen by 2.21% over the last 24 hours.

On the hourly chart, the rate of DOGE is going up after a false breakout of the local resistance of $0.2015.

If bulls' pressure continues, one can expect a test of the resistance by tomorrow.

On the longer time frame, the price of the coin is far from main levels. The volume remains low, which means there are low chances of seeing sharp moves over the next few days.

From the midterm point of view, the picture is rather more bearish than bullish. Traders should pay attention to the nearest zone of $0.20. If its breakout happens, the accumulated energy might be enough for an ongoing correction to the $0.18 mark.

DOGE is trading at $0.2080 at press time.