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Bears are not ready yet to return to the game, according to CoinStats.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by more than 6%.
On the hourly chart, the rate of DOGE has bounced off the local resistance of $0.1973. If the daily bar closes far from that level, one can expect a local correction to the $0.19 area.
On the longer time frame, the price of the meme coin has once again bounced off the resistance of $0.1964.
However, if bulls can hold the initiative and keep the rate near that mark, the breakout may lead to a sharp blast to the $0.21 zone.
From the midterm point of view, neither bulls nor bears are dominating. The price of DOGE falls within the previous weekly bar. As none of the sides has seized the initiative yet, there are low chances of seeing sharp moves soon.
DOGE is trading at $0.1935 at press time.
Vladislav Sopov
U.Today Editorial Team