Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers are trying to hold the gained initiative despite sellers' pressure, according to CoinStats.
The price of DOGE has risen by 0.75% since yesterday.
On the hourly time frame, the rate of DOGE keeps falling after a false breakout of the resistance level of $0.08492.
If the decline continues to the support, there is a chance to see a blast to the $0.081 zone soon.
A similar situation can be see on the daily chart. if the bar closes near $0.082, bears can seize the initiative, which can lead to a more profound drop to the $0.080 range by the end of the week.
From the midterm point of view, bulls have the chance to keep the growth going if the weekly candle closes above $0.08380. In that case, the upward move may continue to $0.09.
DOGE is trading at $0.08265 at press time.