As a seasoned analyst with years of experience in the cryptocurrency market, I’ve seen trends come and go like waves on the shore. Today, looking at the current state of Dogecoin (DOGE), it seems we’re witnessing a gentle uptick that could potentially be more than just a ripple. The hourly chart indicates a break above the local resistance level of $0.1014, hinting at a possible move towards the $0.1035 zone in the near future.
Most of the coins are slightly rising, according to CoinMarketCap.
DOGE/USD
The price of DOGE has gone up by 1.93% over the last day.
On the one-hour timeframe, Dogecoin’s price has surpassed its nearby resistance at approximately $0.1014. Should today’s daily candle close above that point, the bullish trend could potentially extend towards the $0.1035 region tomorrow.
Over a larger period, the situation hasn’t seen significant shifts. The value of the meme token continues to fluctuate within a broad range, indicating that both buyers and sellers currently lack the momentum for a more pronounced movement.
For the upcoming week, it’s more probable that we’ll see a continuation of fluctuating prices around the range of $0.10 to $0.1050.
Looking from a midpoint perspective, the scenario appears rather parallel. Should the week’s closing price hover near the present levels, market participants might anticipate a period of stability or consolidation around approximately $0.10, persisting till the end of the month.
DOGE is trading at $0.1014 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- USD COP PREDICTION
- EUR ILS PREDICTION
- USD PHP PREDICTION
- SHI PREDICTION. SHI cryptocurrency
- WELSH PREDICTION. WELSH cryptocurrency
- OOKI PREDICTION. OOKI cryptocurrency
2024-08-17 18:01