Dogecoin (DOGE) Price Prediction for May 8

Dogecoin price today shows signs of mild stabilization after last week’s dip below $0.1680, with bulls attempting a recovery to $0.1730. As of writing, Dogecoin price trades near the $0.1720 mark, attempting to hold above a fresh diagonal support formed on the 4-hour timeframe. This follows a brief rebound off the key demand zone between $0.1650–$0.1680, as highlighted in the first support cluster. Dogecoin price dynamics (Source: TradingView.) Despite the bounce, upside momentum remains capped near $0.1750 — a zone reinforced by trendline resistance and a confluence of lower highs. The 4H 20, 50, 100, and 200 EMAs (Exponential Moving Averages) remain tightly clustered between $0.1716 and $0.1738, reflecting indecision and compression within a low-volatility range. A clear break above this EMA block is critical to open the next leg toward $0.1807. RSI, MACD & Stochastic RSI Diverge — What’s Happening with Dogecoin’s Price? Dogecoin price dynamics (Source: TradingView.) Momentum indicators on the 30-minute and 4-hour charts provide a mixed short-term bias. The RSI has pulled back slightly from overbought conditions to 56–62, while the Stochastic… The post Dogecoin (DOGE) Price Prediction for May 8 appeared first on Coin Edition .

Source: Coin Edition