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DOGE Price Analysis for February 19

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Sun, 19/02/2023 - 19:00
DOGE Price Analysis for February 19
Cover image via www.tradingview.com

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On the last day of the week, some coins are in the green zone, while the rates of others keep falling.

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DOGE/USD

DOGE remains powerful even on Sunday, rising by 1.40%.

DOGE/USD chart byTradingView

On the hourly chart, the price of DOGE has faced resistance at $0.08904. Any sharp moves are unlikely by the end of the day as the altcoin has passed most of its daily ATR. In this case, a slight correction to the $0.08850 zone may happen.

DOGE/USD chart byTradingView

On the bigger time frame, the situation is less positive as the candle is about to close far from the $0.08961 level. Thus, the volume has declined, which means that DOGE might need more time to accumulate energy for a further move.

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Bitcoin (BTC) Price Analysis for February 18

In this case, sideways trading in the area of $0.088-$0.089 is the more likely scenario.

DOGE/USD chart byTradingView

From the midterm point of view, DOGE also needs more time to keep rising. Currently, one should pay attention to the bar's closure. If it happens above the crucial zone of $0.09, the rise may continue to the resistance at $0.09555 next week.

DOGE is trading at $0.08875 at press time.

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