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The prices of most of the coins keep rising; however, there are some exceptions to the rule, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 8.39%.
On the hourly chart, the price of DOGE is in the middle of a wide channel. From the technical point of view, there are low chances to expect any sharp moves today, as most of the daily ATR has been passed.
Denys SerhiichukIn this case, sideways trading around the $0.18 zone is the more likely scenario.
Today's rise has not affected the general technical picture too much. The rate of the meme coin remains far from the support and resistance levels. In this case, none of the sides has accumulated enough energy. All in all, consolidation in the area of $0.17-$0.19 is the more likely scenario until the end of the week.
On the bigger time frame, the weekly bar is about to close far from the previous candle peak at $0.20637. If the situation does not change by the end of the week, bears may locally seize the initiative.
DOGE is trading at $0.1802 at press time.
Alex Dovbnya
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov