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Buyers are giving no chances to bears, according to CoinMarketCap.
DOGE/USD
DOGE has gained a lot of value today, rocketing by 7.39%.
The rate of DOGE is trading near the local resistance level of $0.1461. As most of the daily ATR has been passed, a continued upward move is unlikely to happen.
Denys SerhiichukHowever, if buyers can hold the gained initiative and the bar closes around the current prices, there is a chance of a breakout tomorrow, followed by a test of the $0.15 range.
On the bigger time frame, one should pay attention to the candle closure in terms of the $0.1437 level. If the bar closes above it and with no long wick, the growth is likely to continue to the $0.15-$0.1550 range next week.
From the midterm point of view, the weekly candle is about to close bullish. If that happens, there is a possibility of a test of the $0.1750 resistance.
DOGE is trading at $0.1447 at press time.
Arman Shirinyan
Alex Dovbnya
Dan Burgin