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Bulls are not ready yet to seize the initiative, according to CoinStats.
DOGE/USD
The rate of DOGE has risen by 5.97% over the last 24 hours.
On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.1925. If the daily bar closes far from that mark, bears may seize the initiative, which may lead to a drop to the $0.1880 area.
From the midterm point of view, the rate of DOGE is going up after a breakout of the nearest level of $0.1788. As long as the price is below that mark, buyers are more powerful than sellers.
Denys SerhiichukIn this case, there is a chance to see an ongoing upward move to the $0.20-$0.21 zone.
From the midterm point of view, traders should focus on the interim zone of $0.20. It plays a key role in terms of further price moves. If the weekly bar closes above it and with no long wick, there is a possibility to see midterm growth, followed by a test of the $0.22 mark.
DOGE is trading at $0.1916 at press time.
Vladislav Sopov
Dan Burgin