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Bulls are back in the game after a correction, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rising by 3.75%.
On the hourly chart, the rate of DOGE is going down after a false breakout of the local resistance at $0.1273. If the drop continues, one can expect a test of the $0.1250 zone by tomorrow.
On the longer time frame, one should focus on the daily bar's closure in terms of the nearest level at $0.1279. If it breaks out, the accumulated energy might be enough for an ongoing rise to the $0.13 area.
From the midterm point of view, the situation is less positive for buyers. The rate of DOGE is near the support level, which means sellers' pressure remains relevant.
As none of the sides is dominating, sideways trading in the range of $0.12-$0.13 is the most likely scenario.
DOGE is trading at $0.1263 at press time.
Tomiwabold Olajide
Denys Serhiichuk
Arman Shirinyan
Godfrey Benjamin
Gamza Khanzadaev