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There is no one-way trend on the crypto market today, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 0.18% over the last 24 hours.
Despite today's decline, the price of DOGE is looking bullish on the hourly chart. If the breakout of the local resistance of $0.3894 happens and the daily bar closes above it, growth may continue to the $0.40 range by tomorrow.
On the bigger time frame, the rate of the meme coin keeps accumulating energy for a further move. The volume is low, which means none of the sides is powerful enough to seize the initiative.
Denys SerhiichukIn this regard, sideways trading in the zone of $0.38-$0.40 is the more likely scenario.
From the midterm point of view, one should pay attention to the weekly candle's closure in terms of its peak. If it happens with a long wick, there is a possibility to see a correction to the $0.32-$0.34 area.
DOGE is trading at $0.3889 at press time.
Yuri Molchan
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya