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Buyers are not ready yet to seize the initiative, according to CoinStats.
DOGE/USD
The price of DOGE has declined by 0.85% over the last day.
On the hourly chart, the rate of DOGE is rising after a false breakout of the support of $0.1018. If the growth continues and the daily candle closes near the resistance, there is a chance to see a test of the $0.11 zone soon.
On the bigger time frame, the price of the meme coin is far from key levels. As none of the sides is dominating, ongoing sideways trading in the range of $0.10-$0.11 is the more likely scenario.
From the midterm point of view, one should focus on the weekly bar's closure in terms of the previous candle low.
Denys SerhiichukIf the breakout of the $0.10 mark happens, the fall may continue to the $0.09 mark and below.
DOGE is trading at $0.1035 at press time.
Vladislav Sopov
Dan Burgin
U.Today Editorial Team