Bulls are back in the game after a few days of the market dropping, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 9.27%.
On an hourly basis, the Dogecoin rate could have established a temporary floor at approximately $0.3556. If the daily candlestick ends close to this level without a long tail, there’s potential for a breakout that could lead to a rise towards the $0.36 region.
Looking at a longer perspective, keep an eye on the bar approaching the $0.3555 mark as its potential closure. If it nears or exceeds this level, traders might soon encounter a test of the $0.36 to $0.3650 range.
From the midterm point of view, the rate of DOGE is far from key levels.
By the close of next week, it seems we might be looking at a stable price trend with a strong possibility of the asset moving between $0.34 and $0.38 without significant upward or downward movement.
DOGE is trading at $0.3518 at press time.
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2025-01-14 18:54