u.today
Buyers are not giving up so easily, according to the CoinMarketCap ranking.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has increased by almost 1% over the last 24 hours.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/cb8/cb826690dede22590f7fb65dca91341fe863f07e.png" size="1817x888">
Image by TradingView
DOGE is trading sideways on the local time frame as neither bulls nor bears have seized the initiative. However, if the daily bar closes near the $0.081 mark or above, there is a chance to see a breakout of the resistance and further upward move.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/9b6/9b6c9831d4c1e192411728ca255eb8500fe98f98.png" size="1817x888">
Image by TradingView
On the bigger chart, the rate of DOGE is not yet ready for a sharp move, which is confirmed by low volume. At the moment, traders should pay attention to the level at $0.082.
Only if the price reaches it and fixes above it can the rise continue to the $0.084-$0.086 zone.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/a23/a23c93f318b9a48a50b4e3f58078dda9794deba9.png" size="1817x831">
Image by TradingView
From the midterm point of view, DOGE is likely to keep trading sideways until mid-May as the meme coin needs to accumulate more energy for a sharp move. In this regard, one can expect ongoing consolidation in the range of $0.075-$0.09 for the next few weeks.
DOGE is trading at $0.08086 at press time.