As a seasoned researcher with years of experience navigating the volatile world of cryptocurrencies, I find myself intrigued by today’s DOGE/USD dynamics. The hourly chart suggests a potential bullish move towards $0.1020-$0.1030, which could be an exciting development for Dogecoin enthusiasts. However, the daily chart paints a less optimistic picture with the rate far from any notable support or resistance levels.
Based on CoinMarketCap, it appears that this market rally is brief, as most of the cryptocurrencies are once more within their positive range.
DOGE/USD
The rate of DOGE has fallen by 0.3% over the last 24 hours.
Despite today’s slight fall, the price of DOGE is looking bullish on the hourly chart. If the daily candle closes near the local resistance of $0.1012, the upward move may continue to the $0.1020-$0.1030 zone tomorrow.
On a larger scale, the outlook appears less optimistic. The Dogecoin rate currently sits quite some distance away from its support and resistance points.
Given no changes occur by the end of the day, it’s more probable that we’ll see continued price movement within the interval of $0.099 to $0.1040.
As we approach midterm, neither party has taken control, suggesting a continuation of the current status quo. The quiet trading indicates that both buyers and sellers are hesitant to make a significant push. It’s likely that the price will remain within $0.10-$0.1050 range until the end of this month without any major shifts.
DOGE is trading at $0.10030 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- USD PHP PREDICTION
- USD COP PREDICTION
- EUR ILS PREDICTION
- CKB PREDICTION. CKB cryptocurrency
- PRIME PREDICTION. PRIME cryptocurrency
- SCOMP PREDICTION. SCOMP cryptocurrency
2024-09-17 17:12