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The market keeps growing today, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has risen by 2.63% over the last 24 hours.

On the hourly chart, the price of DOGE is on its way to the local resistance of $0.4073. If the daily bar closes near it or above, the upward move is likely to continue to the $0.41 area by tomorrow.

On the bigger time frame, the picture is less positive. The rate of the meme coin is far from the support and resistance levels. A further rise may be possible only if bulls restore the rate to the $0.4230 mark.

Before it happens, sideways trading in the range of $0.3950-$0.4150 is the more likely scenario.

From the midterm point of view, none of the sides is dominating. Such a statement is also confirmed by the falling volume. All in all, traders are unlikely to expect any sharp moves by the end of the week.

DOGE is trading at $0.4061 at press time.