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Neither bulls nor bears are dominating today on the market, according to CoinMarketCap.
DOGE/USD
The price of DOGE has fallen by 1.32% over the last 24 hours.
Despite today's fall, the rate of DOGE is trading near the local resistance level. If buyers can hold the gained initiative and the candle closes around $0.1275, the upward move is likely to continue to the $0.13 zone.
On the bigger time frame, the picture is less positive. The price of the meme coin has not accumulated enough energy for a growth or fall. Such a statement is also confirmed by the falling volume.
Denys SerhiichukIn this case, ongoing sideways trading in the zone of $0.12-$0.13 is the more likely scenario.
From the midterm point of view, one should pay attention to the weekly bar's closure in terms of the interim level of $0.12. If the bar closes near it or below, the correction may continue to the $0.11 area.
DOGE is trading at $0.1264 at press time.
Alex Dovbnya
Gamza Khanzadaev