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DOGE Price Analysis for December 23

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Sat, 23/12/2023 - 19:57
DOGE Price Analysis for December 23
Cover image via www.tradingview.com

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The weekend has started positively for the cryptocurrency market.

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DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has fallen by 0.44% over the past day.

Image by TradingView

The price of DOGE is looking bearish on the hourly chart, as the rate has failed to return to the local resistance level. In this regard, consolidation around $0.093 is the more likely scenario until the end of the day.

Image by TradingView

On the bigger time frame, the situation is also more bearish than bullish.

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Buyers only have a chance to seize the initiative if they restore the price above the vital zone of $0.1.

Image by TradingView

Neither bulls nor bears are dominating on the weekly time frame. If the bar closes near the current prices, ongoing sideways trading in the range of $0.09-$0.095 is the more likely scenario until the end of the month.

DOGE is trading at $0.09305 at press time.

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