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The rates of most of the coins keep setting new local peaks, according to CoinStats.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 8%.
Despite today's sharp rise, the rate of DOGE keeps looking bullish on the hourly chart. If the breakout of the local resistance happens, the accumulated energy might be enough for a move to the $0.2050 zone.
On the longer time frame, the price of DOGE has once again bounced off the resistance of $0.20.
If the daily bar closes far from that mark, sellers may seize the initiative, which may lead to a correction to the $0.19-$0.1950 area.
From the midterm point of view, the situation is more positive. If the weekly bar closes above the resistance of $0.20 and with no long wick, the breakout may lead to a test of the $0.22 range.
DOGE is trading at $0.1995 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team