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The market is not going to give up easily, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has increased by 2.79% over the last 24 hours.
On the hourly chart, the price of DOGE has made a false breakout of the local resistance at $0.1408. If the daily bar closes around that mark, traders may witness an upward move to the $0.1450 range.
On the longer time frame, the rate of the altcoin has bounced back from the support at $0.1358. However, buyers might need more time to accumulate energy for an upward move.
In this case, sideways trading in the zone of $0.1380-$0.1450 is the most likely scenario.
From the midterm point of view, the price of DOGE is in the middle of the channel, between the support at $0.1199 and the resistance at $0.1568. As none of the sides is dominating, there are low chances of seeing sharp moves by the end of the week.
DOGE is trading at $0.1403 at press time.
Denys Serhiichuk
Tomiwabold Olajide
Gamza Khanzadaev
Godfrey Benjamin