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Bulls have started to lose their position at the end of the day, according to CoinStats.
DOGE/USD
The rate of DOGE has increased by 0.53% over the past 24 hours.
On the hourly chart, the price of DOGE might have found a local resistance level of $0.1101. If the daily bar closes far from it, traders may witness a test of the $0.1060 zone tomorrow.
On the bigger time frame, one should pay attention to the candle's closure in terms of the nearest level of $0.1103.
Denys SerhiichukIf it happens far from it, bears may get back in the game, which might lead to a correction to the $0.1040 range.
From the midterm point of view, it is too early to make any distant predictions. However, if the weekly bar closes near $0.1109, the accumulated energy might be enough for a breakout, followed by a move to the $0.12 mark.
DOGE is trading at $0.1072 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov