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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Buyers remain powerful despite sellers' pressure, according to <a href="https://u.today/cardano-ada-price-analysis-for-december-7" rel="noopener noreferrer nofollow">CoinMarketCap ranking</a>. <img data-entity-type="file" data-entity-uuid="cf1eff37-7466-4495-a1fd-ad0924668b34" src="https://u.today/sites/default/files/inline-images/top10_819.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="doge-usd">DOGE/USD</h2>
The rate of DOGE keeps rising, going up by 3.62%. <img data-entity-type="file" data-entity-uuid="2551605c-a84f-4741-af69-6b088fc15e32" src="https://u.today/sites/default/files/inline-images/doge1_77.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of DOGE is looking bullish as the rate is approaching the recently formed resistance of $0.09876.&nbsp;
If its breakout happens, the upward move may continue to the $0.1 zone tomorrow. <img data-entity-type="file" data-entity-uuid="55c9a9ea-6d17-49b9-a9a6-d87a43433911" src="https://u.today/sites/default/files/inline-images/doge2_73.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
One should pay attention to yesterday's bar's peak on the longer time frame. If the candle closes above it, the rise will likely lead to a test of the $0.1050-$0.11 area soon. <img src="https://u.today/sites/default/files/inline-images/doge3_70.png" data-entity-uuid="c78ee54f-b32b-4603-a9bd-7e82ed17aa0f" data-entity-type="file">
From the midterm point of view, the rate of DOGE has made a false breakout of the resistance of $0.1050; however, if the bar closes with no long wick, the accumulated energy might be enough for a breakout, followed by a blast to $0.11 and above.
DOGE is trading at $0.09855 at press time.

DOGE Price Analysis for December 8

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