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Most of the cryptocurrencies are coming back to the bullish zone, according to CoinStats.
DOGE/USD
The price of DOGE has gone up by 0.42% over the last 24 hours.
On the hourly chart, the rate of DOGE remains near the $0.1694 level. If bulls cannot seize the initiative shortly and the candle closes around the support, traders may witness a breakout, followed by a test of the $0.1690 range by tomorrow.
On the longer time frame, the situation is neither bearish nor bullish as the price of DOGE has not accumulated enough strength for a sharp move.
In this case, sideways trading around the $0.17 zone is the more likely scenario
From the midterm point of view, one should focus on the weekly candle's closure. If it happens far from the support of $0.1642, there is a possibility of seeing a local bounce back to the $0.18 zone.
DOGE is trading at $0.1702 at press time.
Vladislav Sopov
U.Today Editorial Team