Unlike other coins, the rate of DOGE has fallen by 0.18% since yesterday.
Image by TradingViewOn the hourly chart, the price of DOGE is far from the local support and resistance levels. In this case, consolidation in the zone of $0.107-$0.108 is the more likely scenario until tomorrow.
Image by TradingViewA similar picture can be seen on the daily time frame. The volume has dropped, which means neither buyers nor sellers have seized the initiative. Likewise, traders are unlikely to see sharp ups or downs any time soon.
Image by TradingViewFrom the midterm point of view, one should pay attention until the bar’s closure.
If it happens around current prices, sideways trading between $0.10 and $0.11 is the more likely scenario for the next few weeks.
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.
