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The market remains under bears' pressure, according to CoinStats.
DOGE/USD
The rate of DOGE has dropped by 2.08% since yesterday.
On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.1770. However, if the daily bar closes near that mark or above, the upward move is likely to continue to the $0.18 area.
On the longer time frame, the picture is less positive for bulls. At the moment, the rate of DOGE is far from the closest level of $0.1883.
However, if it breaks out, the accumulated energy might be enough for a test of the $0.20 zone.
From the midterm point of view, none of the sides is dominating. As the price of the meme coin is far from key levels, ongoing sideways trading is the most likely scenario for the rest of the month.
DOGE is trading at $0.1758 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team