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Bulls are giving bears no chances, as most of the coins are in the green zone, according to CoinMarketCap.
DOGE/USD
DOGE is the biggest gainer today, rocketing by 6.73%.
On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.2437. If the daily bar closes far from that mark, the drop may continue to the $0.2350 area.
On the bigger time frame, the price of DOGE is in the middle of a wide channel, between the support of $0.2058 and the resistance of $0.2598.
The volume keeps falling, which means traders are unlikely to witness sharp ups or down soon.
From the midterm point of view, bulls keep controlling the situation on the market. Currently, one should focus on the nearest zone of $0.25. If it breaks out, the accumulated strength might be enough for a move to $0.30.
DOGE is trading at $0.2405 at press time.
Vladislav Sopov
U.Today Editorial Team