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DOGE/USD
The price of DOGE has risen by almost 1% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of DOGE is looking bullish as it is trying to return to the local resistance level of $0.1539. If buyers manage to do that, there is a chance to see a breakout, followed by a move to the $0.16 zone.
Image by TradingViewA less positive picture can be seen on the daily time frame. The rate is far from key levels, which means neither bulls nor bears are ready to make a sharp move.
In this case, ongoing sideways trading in the zone of $0.15-$0.16 is the more likely scenario until the end of the week.
Image by TradingViewA similar situation can be seen on the weekly chart. The price is in the middle of a wide range, between the support of $0.1225 and the resistance of $0.1690. All in all, one can expect consolidation around $0.15 until the end of the month.
DOGE is trading at $0.1526 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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