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.
Bulls are back in the game after a few days of the market dropping, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 9.27%.
On the hourly chart, the rate of DOGE might have set a local support level of $0.3556. However, if the daily bar closes near it and with no long wick, there is a chance to see a breakout, followed by a move to the $0.36 zone.
On the longer time frame, one should pay attention to the bar's closure in terms of the nearest level of $0.3555. If it happens near it or above, traders may witness a test of the $0.36-$0.3650 zone shortly.
From the midterm point of view, the rate of DOGE is far from key levels.
Denys SerhiichukIf the situation does not change by the end of the week, sideways trading in the range of $0.34-$0.38 is the most likely scenario.
DOGE is trading at $0.3518 at press time.
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.
Vladislav Sopov
Yuri Molchan
Dan Burgin