Bulls seem unwilling to give up so easily, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has risen by 0.33% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of DOGE is in the middle of the local channel, between the support of $0.1474 and the resistance of $0.1517.
As most of the daily ATR has been passed, ongoing sideways trading around $0.15 is the more likely scenario until tomorrow.
Image by TradingViewA similar situation can be seen on the daily time frame. The rate is far from the main levels, which means that neither bulls nor bears are dominating. In this case, traders can expect consolidation in the zone of $0.1480-$0.1540 until the end of the week.
Image by TradingViewFrom the midterm point of view, the price of DOGE keeps falling after a failed attempt to fix above the $0.16 zone. If the situation does not change by the end of the week, the decline is likely to continue to the support of $0.1260.
DOGE is trading at $0.1505 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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