As a seasoned analyst with over two decades of market experience under my belt, I’ve seen countless bull runs and bear markets alike. The current price action of DOGE/USD reminds me of a rollercoaster ride – thrilling, unpredictable, and often leaving you on the edge of your seat!
Bulls keep setting new local peaks, according to CoinMarketCap.
DOGE/USD
The price of DOGE is unchanged since yesterday.
On an hourly basis, the Dogecoin price is close to its local support level at approximately 0.1041 USD. If today’s daily candle ends near this value, it seems likely that the decline will extend towards the 0.1030 USD region by tomorrow.
Over a longer period, neither side has taken control of the situation, as they’re still sizing each other up and no one has gained the upper hand.
For the upcoming days, it’s expected that the price will continue moving horizontally around the range of $0.1040 to $0.11.
Looking at the midpoint of the week, it would be wise to hold off trading until the weekly candle has closed. If this candle reaches towards or surpasses its previous high, the built-up momentum could potentially challenge the resistance level of approximately $0.11099.
DOGE is trading at $0.1052 at press time.
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2024-09-20 18:19