The prices of most of the coins have returned to the green zone, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The rate of DOGE has gone up by 6.87% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.1668. If the daily bar closes near the support, there is a chance to see its breakout, followed by a further test of the $0.16 range.
Image by TradingView
On the bigger time frame, one should pay attention to the candle’s closure in terms of the $0.1652 level.
You Might Also Like
If its breakout happens, traders may witness a further upward move to the $0.17 zone.
Image by TradingView
From the midterm point of view, the price of DOGE is within the previous bar, which means none of the sides is dominating so far. Respectively, sideways trading in the area of $0.16-$0.18 is the more likely scenario.
DOGE is trading at $0.1638 at press time.
