DOGE Price Prediction for August 7

Most of the coins keep setting new local peaks, according to CoinStats.

DOGE/USD

DOGE is one of the biggest gainers today, rocketing by 6%.

On the hourly chart, the rate of DOGE has broken the local resistance of $0.2066.

If the daliy bar closes around the current prices, the upward move is likely to continue to the $0.22 mark.

On the longer time frame, the situation is also controlled by bulls. If the technical picture remains the same until tomorrow, the accumulated energy might be enough for an ongoing upward move to the $0.2150-$0.22 area.

From the midterm point of view, none of the sides has accumulated enough strength to seize the initiative. In this case, sideways trading in range of $0.19-$0.22 is the more likely scenario.

DOGE is trading at $0.2130 at press time.