As a seasoned crypto investor with a few years under my belt, I’ve learned to take market fluctuations in stride and not get too excited about short-term price movements. However, the recent bounce back of most coins, including DOGE, has caught my attention.
The weekend has started with a bounce back of most coins, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has increased by 2.85% since yesterday.
If the current price of DOGE surpasses its previous resistance point at $0.1082 in today’s trading session, there is a strong possibility that it will challenge the next resistance level at $0.11 in the following day.
As an analyst, I’ve observed that on the daily timeframe, I haven’t noticed sufficient buying power to propel the price higher. The declining trading volume further supports this interpretation.
In this situation, significant price fluctuations are unlikely. Instead, expect the market to move gradually within the range of $0.1050 to $0.11.
As a crypto investor looking at the mid-term outlook, the DOGE chart appears quite stable. The current rate is significantly below key resistance levels, implying that traders may anticipate further price action confined between $0.10 and $0.1150 throughout the month.
DOGE is trading at $0.1088 at press time.
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2024-07-13 17:22