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Bulls are again more powerful than bears, according to the CoinMarketCap ranking.
DOGE/USD
The rate of DOGE has rocketed by 12.36% over the last 24 hours.
On the hourly chart, the rate of DOGE is trading near the local resistance level of $0.07476.
Denys SerhiichukIf the daily bar closes near it, the breakout may lead to a further rise to $0.077 tomorrow.
On the daily time frame, the price of DOGE has broken the support level of $0.07012. If the candle closes with no long wick, there is a high chance of seeing a test of the closest resistance of $0.07745 this week.
From the midterm point of view, traders are likely to see the continued growth of DOGE if the weekly bar closes around the current prices. In this case, the accumulated energy might be enough for a further upward move to the $0.08358 level.
DOGE is trading at $0.07426 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin