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DOGE Price Analysis for January 29

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Sun, 29/01/2023 - 19:00
DOGE Price Analysis for January 29
Cover image via www.tradingview.com

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Buyers remain stronger than sellers even on the last day of the week.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is not an exception, rising by 2.75% over the last 24 hours.

DOGE/USD chart by TradingView

On the local time frame, the price is located in the middle of the channel between the support at $0.08826 and the resistance at $0.091.

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Any sharp moves are unlikely until the end of the day, meaning that sideways trading in the range of $0.089-$0.09 is the more likely scenario.

DOGE/USD chart by TradingView

On the bigger chart, DOGE is trading near the resistance at $0.09343, trying to fix above the interim level zone at $0.90. If it manages to do that and a breakout occurs, traders might see the rate of DOGE around the $0.10 mark.

DOGE/USD chart by TradingView

From the midterm point of view, DOGE is about to close far away from the resistance at $0.09343. If the situation does not change by the end of the day, DOGE might keep trading sideways, accumulating strength for a further move.

DOGE is trading at $0.08984 at press time.

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