Bulls remain more powerful than bears today as well, according to CoinMarketCap.

DOGE/USD

The price of DOGE has risen by 2.79% over the last 24 hours.

On the hourly chart, the rate of DOGE might have set a local resistance of $0.22. As most of the ATR has been passed, there are low chances of seeing sharp moves. 

However, if the daily bar closes near the support level of $0.2023, one can expect a breakout, followed by a test of the $0.20 zone.

On the daily time frame, traders should focus on the candle’s closure. If it happens far from its peak, sellers may get back in the game, which may lead to a drop to the $0.18-$.19 range.

From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the support of $0.1750, the accumulated energy might be enough for a test of the $0.15 area.

DOGE is trading at $0.2040 at press time.