DOGE Price Analysis for December 29

Price Analysis
Fri, 12/29/2023 - 15:00
Cover image via www.tradingview.com
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Bears are becoming more powerful; however, there are some exceptions to the rule.

Top coins by CoinMarketCap

DOGE/USD

DOGE has joined the list of falling coins, going down by 0.62%.

Image by TradingView

On the hourly chart, the price of DOGE is near the local resistance level. However, if sellers seize the initiative and the daily candle closes below $0.092, one can expect a test of $0.09020 tomorrow.

Image by TradingView

A less clear picture can be seen on the daily time frame. Today's slight move has not affected the overal technical situation on the chart. 

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In this case, ongoing sideways trading in the area of $0.09-$0.096 is the more likely scenario until the end of the week.

Image by TradingView

A similar picture can be seen on the weekly chart. As none of the sides has seized the initiative, traders should expect a consolidation around $0.09.

DOGE is trading at $0.09255 at press time.