As a seasoned crypto investor with a knack for spotting trends and a portfolio that has weathered more than one market cycle, I find myself closely watching the current sideways movement in the market. While some coins remain green, others are starting to dip, as per CoinMarketCap’s latest update.
The cryptocurrency market is currently moving horizontally, with certain coins maintaining their positive trajectory within a favorable range, while other coins are experiencing a decline, based on data from CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rising by almost 3%.
On an hourly basis, Dogecoin’s price has risen following a surge past the $0.1096 threshold. If purchasers maintain control of this momentum and the day’s closing price exceeds this level, further growth could potentially extend towards the $0.1130 zone.
Over a longer period, it’s advisable to keep an eye on the price level around $0.1129. If the candle finishes above this point without a large wick, there could be enough built-up momentum for a potential rise towards the $0.12 range. This situation remains relevant until the end of the coming week.
On the weekly graph, it’s a bit unclear as the Dogecoin (DOGE) rate is currently confined within the last bar. This suggests that neither the buyers (bulls) nor the sellers (bears) have taken control of the market just yet.
By the close of next week, should no significant fluctuations occur, I expect that the price will continue to consolidate within the range of approximately $0.1050 to $0.1250.
DOGE is trading at $0.1104 at press time.
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2024-10-09 17:57