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Buyers remain more powerful than sellers, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 1.12% over the last 24 hours.
On the hourly chart, the price of DOGE is on its way to the local support at $0.1424. If a bounce back does not happen, the decline is likely to continue to the $0.14 zone soon.
On the longer time frame, the rate of DOGE is far from main levels. The volume remains low, which means buyers are not ready yet to seize the initiative.
All in all, sideways trading around the current prices is the most likely scenario this week.
From the midterm point of view, the situation is similar. As neither bulls nor bears are dominating, traders may witness consolidation in the range of $0.14-$0.15 before the end of the month.
DOGE is trading at $0.1429 at press time.
Denys Serhiichuk
Gamza Khanzadaev
Tomiwabold Olajide
Godfrey Benjamin