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Buyers are trying to hold the gained initiative, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE is unchanged over the last 24 hours.
Image by TradingView
On the hourly time frame, the rate of DOGE might have found the local support level. If the daily candle closes far from the $0.07255 mark, there is a chance of seeing a slight growth to the resistance at $0.07396. Such a scenario is relevant until tomorrow.
Image by TradingView
On the bigger chart, the situation is neutral as none of the sides is dominating at the moment. In this case, traders are likely to see ongoing consolidation in the narrow range of $0.072-$0.72 until the end of the current week.
Image by TradingView
A similar picture can be seen on the weekly time frame from the technical point of view. Neither bulls nor bears have accumulated enough energy to seize the initiative. The falling volume confirms that fact. All in all, sideways trading in the area of $0.07-$0.08 is the more likely scenario until mid-June.
DOGE is trading at $0.0729 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin