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The new week has started bullish for the majority of the coins, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 1.44% over the last 24 hours.
On the hourly chart, the price of DOGE is falling after setting a local resistance of $0.2321. If the drop continues, one can expect a test of the support level by tomorrow.
On the bigger time frame, the situation has not changed much over the last few days.
Thus, the volume has declined, which means ongoing sideways trading around the current prices remains the most likely scenario.
From the midterm point of view, the picture is similar. As none of the sides is dominating, there are low chances to expect sharp moves any time soon.
DOGE is trading at $0.2267 at press time.
U.Today Editorial Team
Vladislav Sopov