Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Even though coins are under bears' pressure, the cryptocurrency market is locally rising.
DOGE has gained a lot of value today, rocketing by almost 4%.
Saturday started with local growth of DOGE after the false breakout of the support level at $0.09164. At the moment, the price is on the way to the middle of the narrow channel at $0.093.
If the bar closes around that mark, there is a high chance to see further growth tomorrow to $0.094.
On the bigger time frame, the price of DOGE has once again bounced off the resistance at $0.09461. However, if the bar closes with no wicks today, followed by rising volume, a test of the important $0.10 zone may happen next week.
The situation is also positive on the weekly chart as there is a high possibility to see closure above the peak of the previous candle at $0.09150. In this case, DOGE might trade in the range of $0.005-$0.10 within the next few weeks.
DOGE is trading at $0.09273 at press time.