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The cryptocurrency market continues to rise, according to CoinMarketCap.
Doji/USD
DOGE has risen by 8.04% in the past 24 hours.
On the hourly chart, DOGE price made a false breakout of the local resistance level at $0.4181. If the daily bar closes far beyond that mark, traders may seize the initiative, which could lead to a correction to the $0.40 area.
On the larger time frame, you should pay attention to the candle closing at the nearest level at $0.4230.
Related to
If the candle closes around or above it, the bullish movement in the $0.43-$0.44 range is likely to continue soon.
From a mid-term perspective, the DOGE rate is far from key levels. In this case, traders should focus on the weekly bar in terms of the peak of the previous candle. If it closes above $0.40, there is a chance of seeing a test of the resistance at $0.48 by the end of the month.
DOGE is trading at $0.4104 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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