The market continues rising today, according to CoinStats.

DOGE/USD

The rate of DOGE has increased by 2.36% since yesterday.

On the hourly chart, the price of DOGE is returning to the local resistance of $0.2613. If the daily bar closes around that mark, one can expect a level breakout, followed by a further rise to the $0.2650 zone.

On the bigger time frame, one should pay attention to the bar closure in terms of the nearest level of $0.2598. If the candle closes above it and with no long wick, there is a chance to see a test of the $0.27 area.

From the midterm point of view, the rate of DOGE is far from the key levels. The volume keeps going down, confirming the absence of buyers’ and sellers’ power.

All in all, sideways trading around the current prices is the more likely scenario.

DOGE is trading at $0.2597 at press time.