Despite bears’ pressure, most of the coins are in the green zone today, according to CoinStats.
DOGE/USD
The price of DOGE has increased by 1.53% since yesterday.
On the hourly chart, the rate of DOGE is on its way to the local resistance of $0.16. If the daily bar closes near the upper level, the accumulated energy might be enough for a test of the $0.1620 zone.
From the bigger time frame, neither buyers nor sellers are dominating. However, if the bar closes around current prices, sideways trading in the range of $0.1550-0.1650 is the more likely scenario.
From the midterm point of view, one should focus on the bar’s closure in terms of the $0.1411 level.
Related
If it happens far from the bar’s closure, bulls may seize the initiative, which may lead to growth to the $0.20 mark.
DOGE is trading at $0.1588 at press time.
