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Bulls have turned out to be more powerful than bears today, according to CoinMarketCap.
DOGE/USD
The price of DOGE has risen by 2.8% over the last 24 hours.
On the hourly chart, the rate of DOGE is going up after setting a local support of $0.1932. If the daily bar closes far from that mark, traders may witness an upward move to the $0.20 range soon.
From the midterm point of view, none of the sides is dominating. The price of the meme coin is far from support and resistance levels.
In this case, there are low chances of seeing sharp moves shortly.
From the midterm point of view, the picture is rather more bearish than neutral. One should pay attention to the weekly candle's closure in terms of the nearest $0.1855 level. If it breaks out, the fall may continue to the $0.17-$0.18 range.
DOGE is trading at $0.1960 at press time.
Vladislav Sopov
U.Today Editorial Team