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**DOGE Price Prediction for February 9**
The price of Dogecoin (DOGE) is currently at $0.2540, and it has risen by 3.08% since yesterday. However, the weekly bar shows a significant drop of 13.48%, indicating that DOGE’s trend may be turning bearish.
On the hourly chart, we can see that the price is looking bearish, which could result in a support breakout followed by a further decline to the $0.25 area.
Looking at the bigger time frame, it appears that the rate of DOGE is far from any key levels. As a result, traders should focus on today’s candle closure. If it happens far from its high and with a long wick, we may see a correction to the support level of $0.2427 soon.
Interestingly, the weekly bar’s closing position will significantly impact the price’s direction moving forward. If this week’s bar closes near the low or at the high without closing above $0.26-$0.28, there is a slight chance of a local bounce back within that range.
Currently, DOGE is trading at $0.2540.
Source: u.today
