The cryptocurrency market remains bearish; however, there are some exceptions to the rule, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
Unlike other coins, the price of DOGE has increased by 2.74% over the last day.
Image by TradingViewOn the hourly chart, the rate of DOGE is closer to the resistance than to the support. If the breakout of the $0.1267 level happens, the rise may continue to the $0.13 range.
Image by TradingViewOn the bigger time frame, neither buyers nor sellers are dominating. In this case, there are low chances to expect any sharp moves soon.
All in all, ongoing sideways trading in the zone of $0.12-$0.13 is the more likely scenario for the next few days.
Image by TradingViewFrom the midterm point of view, the price of DOGE is on its way to testing the support of $0.1064. However, if the weekly bar closes far from its low, one can expect a local bounce back to the $0.14 area.
DOGE is trading at $0.1251 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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