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Bulls are back in the game after a few days of market decline, according to CoinMarketCap.
Doji/USD
DOGE is one of the biggest gainers today, rising 9.27%.
On the hourly chart, DOGE price may have set a local support level at $0.3556. However, if the daily bar closes near it and without a long wick, there is a chance to see a breakout, followed by a move to the $0.36 area.
On the longer time frame, one should pay attention to the closing of the bar in terms of the nearest level at $0.3555. If it happens near or above it, traders could see a test of the $0.36-$0.3650 area soon.
From a mid-term perspective, the DOGE rate is far from key levels.
Related to
If the situation does not change by the end of the week, sideways trading in the range of $0.34 - $0.38 is the most likely scenario.
DOGE is trading at $0.3518 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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