Most of the coins are trying to hold the gained initiative; however, there are some exceptions to the rule, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The price of DOGE has increased by 3.69% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of DOGE is in the middle of the narrow channel, between the support of $0.1245 and the resistance of $0.1276.
However, if buyers seize the initiative and the daily bar closes near $0.1270, the accumulated energy might be enough for a breakout, followed by a move to the $0.13 zone.
Image by TradingViewOn the bigger time frame, one should pay attention to the nearest level of $0.1286. Until the price is below it, there is still a chance of seeing a correction. But if it breaks out and the candle closes above it, traders may witness a rise to $0.1350.
Image by TradingViewFrom the midterm point of view, the rate of DOGE is trading near the resistance of $0.1275. If the situation does not change until the end of the week, growth may lead to a test of $0.14 next week.
DOGE is trading at $0.1254 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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