Most of the cryptocurrencies are coming back to the bullish zone, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The price of DOGE has gone up by 0.42% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of DOGE remains near the $0.1694 level. If bulls cannot seize the initiative shortly and the candle closes around the support, traders may witness a breakout, followed by a test of the $0.1690 range by tomorrow.
Image by TradingView
On the longer time frame, the situation is neither bearish nor bullish as the price of DOGE has not accumulated enough strength for a sharp move.
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In this case, sideways trading around the $0.17 zone is the more likely scenario
Image by TradingView
From the midterm point of view, one should focus on the weekly candle’s closure. If it happens far from the support of $0.1642, there is a possibility of seeing a local bounce back to the $0.18 zone.
DOGE is trading at $0.1702 at press time.
