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Bulls are trying to hold the gained initaitive, according to CoinStats.
DOGE/USD
The price of DOGE has risen by 3.83% since yesterday.
On the hourly chart, the rate of DOGE is coming back to the local support of $0.2558. If sellers' pressure continues, traders may witness a level breakout, followed by an ongoing correction to the $0.25 zone.
On the bigger time frame, the price of DOGE has made a false breakout of the resistance of $0.2691. If the daily bar closes far from that mark, one can expect a test of the $0.2450-$0.25 area by the end of the week.
From the midterm point of view, the rate of the meme coin is trading within the previous bar.
Denys SerhiichukIf the picture remains the same by the end of the week, there are low chances of seeing sharp moves.
DOGE is trading at $0.2593 at press time.
Valeria Blokhina
Denys Serhiichuk
Dan Burgin
Vladislav Sopov