As a researcher with experience in cryptocurrency analysis, I find it intriguing to observe the current market trends, especially when it comes to coins from the top 10 list on CoinMarketCap. Some of these coins have shown signs of bouncing off recently, and one such coin is Dogecoin (DOGE).
Some coins from the top 10 list are bouncing off, according to CoinMarketCap.
DOGE/USD
The price of DOGE has increased by 0.36% over the last 24 hours.
On the hourly chart, the price of DOGE has surpassed the local resistance of $0.1089. If buyers manage to maintain control and the daily candle finishes at a significant distance from this level, the uptrend could advance towards the $0.11150 area in the near future.
On the daily time frame, the price of the meme coin has broken the interim level of $0.1095.
If the price of the asset doesn’t drop below the $0.1140 mark despite continued growth, it may reach this level by the end of the week.
In simpler terms, a more subdued perspective emerges when looking at the DOGE weekly chart. Currently, its trading range is confined within the previous candle’s boundaries. Potential buyers might ponder over the possibility of a price reversal if they manage to push the value above the $0.12 threshold.
DOGE is trading at $0.1109 at press time.
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2024-07-11 18:20