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Most of the coins are trying to hold the gained initiative; however, there are some exceptions to the rule, according to CoinMarketCap.
DOGE/USD
The price of DOGE has increased by 3.69% over the last 24 hours.
On the hourly chart, the rate of DOGE is in the middle of the narrow channel, between the support of $0.1245 and the resistance of $0.1276.
Denys SerhiichukHowever, if buyers seize the initiative and the daily bar closes near $0.1270, the accumulated energy might be enough for a breakout, followed by a move to the $0.13 zone.
On the bigger time frame, one should pay attention to the nearest level of $0.1286. Until the price is below it, there is still a chance of seeing a correction. But if it breaks out and the candle closes above it, traders may witness a rise to $0.1350.
From the midterm point of view, the rate of DOGE is trading near the resistance of $0.1275. If the situation does not change until the end of the week, growth may lead to a test of $0.14 next week.
DOGE is trading at $0.1254 at press time.
Vladislav Sopov
Alex Dovbnya
Dan Burgin