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Bulls are again more powerful than bears, according to the CoinMarketCap ranking.

DOGE/USD

The rate of DOGE has rocketed by 12.36% over the last 24 hours.

On the hourly chart, the rate of DOGE is trading near the local resistance level of $0.07476. 

If the daily bar closes near it, the breakout may lead to a further rise to $0.077 tomorrow.

On the daily time frame, the price of DOGE has broken the support level of $0.07012. If the candle closes with no long wick, there is a high chance of seeing a test of the closest resistance of $0.07745 this week.

From the midterm point of view, traders are likely to see the continued growth of DOGE if the weekly bar closes around the current prices. In this case, the accumulated energy might be enough for a further upward move to the $0.08358 level.

DOGE is trading at $0.07426 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 [email protected].