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The market is trading sideways as the rates of some coins are rising, while others are falling.
DOGE/USD
The rate of DOGE is unchanged since yesterday.
On the hourly chart, the price of DOGE is looking bullish as the rate is about to break the resistance level of $0.07486. If that happens, growth may continue to the $0.077 area tomorrow.
On the daily time frame, the situation is unclear as none of the sides has seized the initiative yet. At the moment, the rate of DOGE is trading in the middle of the channel.
In this regard, ongoing consolidation in the range of $0.072-$0.078 is the more likely scenario until the end of the week.
From the midterm point of view, it is too early to make any predictions, as the meme coin needs time to accumulate energy for a further sharp move. One is likely to see sideways trading in the area of $0.07-$0.075 until the end of the month.
DOGE is trading at $0.07430 at press time.
Alex Dovbnya
Dan Burgin
Arman Shirinyan
