The rate of DOGE has declined by 1.12% over the past day.
Image by TradingViewOn the hourly chart, the rate of the meme coin is in the middle of the local channel, between the support of $0.1461 and the resistance of $0.1551.
As most of the daily ATR has been passed, there are low chances of any sharp moves by the end of the day.
Image by TradingViewA similar picture can be seen on the bigger time frame. The price of DOGE is far from its low and peak of the day, which means none of the sides has accumulated enough energy yet. In this case, ongoing sideways trading in the zone of $0.145-$0.1550 is the most likely scenario.
Image by TradingViewFrom the midterm point of view, DOGE is in the middle of a wide channel. As the volume keeps falling, traders are unlikely to see any sharp ups or downs soon.
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.
