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Buyers keep setting the rates of the coins to new local peaks, according to CoinMarketCap.
DOGE/USD
The price of DOGE has increased by 1.27% over the last 24 hours.
On the hourly chart, the rate of DOGE might have set a local resistance of $0.1719. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
However, if the candle closes near the upper level, one can expect a test of the $0.1750 area soon.
On the longer time frame, the price of the meme coin is on its way to the resistance of $0.1761. If its breakout happens and the bar closes above it and with no long wick, the accumulated energy might be enough for a blast to the $0.1850-$0.19 range by the end of the week.
From the midterm point of view, none of the sides is dominating, as the price of DOGE is far from key levels. In this case, ongoing sideways trading in the narrow area of $0.1650-$0.1850 is the most likely scenario.
DOGE is trading at $0.1709 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team