Oh, the thrill of the cryptocurrency world! Buyers are back in the game, and most coins are looking all green and lovely again, according to CoinMarketCap. But, of course, our beloved DOGE had to go and be a rebel, didn’t it? 🤣
DOGE/USD: The Drama Unfolds
While all the other cool kids were rising, DOGE decided to take a bit of a tumble, declining by 4.44% over the last 24 hours. Ouch! 😳
Now, let’s take a look at the hourly chart. It’s like a game of tennis – the rate of DOGE is bouncing around in the middle of the local channel, between the support of $0.3587 and the resistance of $0.3736. It’s anyone’s game, really. And by tomorrow, it’s likely to be more of the same old sideways trading around the current prices. Yawn. 😴
But wait, there’s more! On the bigger time frame, the price of our favorite meme coin is still stuck in yesterday’s bar. It’s like the buyers and sellers are having a staring contest, and neither side is blinking. If things don’t change by the end of the day, it’s unlikely we’ll see any sharp moves soon. Zzz… 😴
And if we look at the midterm picture, it’s more of the same. The rate of DOGE is just chillin’ in the middle of nowhere, far from any crucial levels. It’s like the bulls and bears are having a tea party, and no one’s getting too excited. All in all, it’s likely we’ll see more consolidation in the wide range of $0.34-$0.40 until the end of the month. Because, why not? 🤷♀️
And finally, DOGE is trading at $0.3670 at press time. Because you were all dying to know that. 😉
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2025-01-22 15:56