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The situation on the market has not changed much as the rates of most of the coins keep falling, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-may-8" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="28201aef-d6fc-421b-b5ca-ec15dfd7182e" src="https://u.today/sites/default/files/inline-images/top10_1104.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 price of DOGE has dropped by 1.05% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="585a2c25-97dd-4563-9d16-41f9c73bd996" src="https://u.today/sites/default/files/inline-images/doge1_107.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of DOGE is rather more bullish than bearish as it is near the local resistance level of $0.1489. If it breaks out, the growth may continue to the $0.15 zone tomorrow. <img data-entity-type="file" data-entity-uuid="33e63585-f840-4504-abd3-29fab1e93cde" src="https://u.today/sites/default/files/inline-images/doge2_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
The price of DOGE has not kept falling after yesterday's bearish closure. However, it is too early to think about a fast reversal as the meme coin has not accumulated enough energy yet.&nbsp;
In this case, sideways trading in the zone of $0.145-$0.15 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="236f2b36-d3bc-4037-bfc3-62f0fff3f204" src="https://u.today/sites/default/files/inline-images/doge3_99.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the picture is more bearish. If the weeky bar closes around current prices, bears may seize the initiative in the midterm, which can lead to a more profound drop to the $0.12-$0.13 range.
DOGE is trading at $0.1480 at press time.

DOGE Price Prediction for May 9

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