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DOGE Price Analysis for December 4

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Sun, 4/12/2022 - 19:30
DOGE Price Analysis for December 4
Cover image via www.tradingview.com

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The market is trading sideways, according to CoinMarketCap's ranking.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is an exception, rising by 4.72% over the last day.

DOGE/USD chart by TradingView

DOGE started the last day of the week with a false breakout of the local support level at $0.10139. However, the growth was stopped at the resistance at $0.10497.

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Any sharp moves are unlikely to happen by the end of the day as most of the average true range (ATR) has passed.

DOGE/USD chart by TradingView

On the daily chart, DOGE is still trying to get closer to the resistance level at $0.10799. If bulls manage to do that, the growth may lead to a further test of the $0.1150 zone by the end of the month.

DOGE/USD chart by TradingView

Bulls managed to hold the price near the peak of the last closed candle at $0.10799. It means that buyers might need more time to accumulate strength for a further move. In this case, sideways trading in the range of $0.10-$0.105 is the more likely scenario for the next weeks.

DOGE is trading at $0.10318 at press time.

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