As a seasoned researcher with years of experience in the cryptocurrency market, I must admit that Saturday’s bullish trend has been quite refreshing. Having witnessed numerous bear markets and their devastating effects on portfolios, it’s always heartening to see the green candles dominating the charts.
Bulls have turned out to be more powerful than bears on Saturday, according to CoinStats.
DOGE/USD
The rate of DOGE has gone up by 2.51% over the past 24 hours.
As a researcher examining the hourly chart for Dogecoin (DOGE), I’m observing that its price appears to be heading towards the nearby resistance level of approximately $0.1121. If the current candle or subsequent candles manage to reach or even close above this level, it suggests potential further growth in the near term, potentially reaching the range of around $0.1150.
For the day-to-day analysis, things appear quite alike. Should a price test occur at approximately $0.1129 and the candlestick shows no significant wick, there may be sufficient momentum for a potential jump towards the $0.12 region by the end of next week.
On a weekly basis, the Dogecoin (DOGE) situation appears somewhat vague. The rate is currently quite distant from significant levels, a condition supported by the minimal trading volume. This suggests that sideways trading within the range of $0.1050 to $0.1150 might be the more plausible outlook in the near future.
DOGE is trading at $0.1118 at press time.
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2024-10-12 19:34