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The market is mainly trading sideways as the rates of some coins are rising, while others keep falling, according to CoinMarketCap.
DOGE/USD
The price of DOGE has gone up by 1.91% over the last 24 hours.
Despite today's rise, the rate of DOGE is looking rather more bearish than bullish as it is near the local support level of $0.0988. If the daily bar closes near it, there is a chance to see a breakout, followed by a move to the $0.098 area.
The situation is similar on the bigger time frame. If the candle closes far from its peak, bears may again seize the initiative, leading to a test of the $0.094 zone by the end of the week.
From the midterm point of view, it is too early to make any distant predictions, as only a few days remain until the candle's closure.
Denys SerhiichukHowever, if the breakout of the $0.094 mark does not happen, traders may witness sideways trading in the range around $0.10 within the next week.
DOGE is trading at $0.0993 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team