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The correction has not lasted long, and most of the coins are back in the green zone, according to CoinStats.
DOGE/USD
DOGE has gained a lot of value today, going up by almost 5%.
Despite today's growth, the rate of DOGE keeps looking bullish on the hourly chart. If the daily bar closes above the resistance, the upward move is likely to continue to the $0.19 zone and above.
On the bigger time frame, the price of the meme coin is rising after yesterday's bullish closure.
If nothing changes, there is a possibility of a test of the resistance within the next few days.
From the midterm point of view, one should focus on the weekly candle closure. If it happens with a long wick, bulls might locally seize the initiative, which can lead to a bounce to the $0.20 mark.
DOGE is trading at $0.1879 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team