u.today
Neither bulls nor bears are dominating today on the market, according to CoinMarketCap.
$DOGE/USD
The price of $DOGE has fallen by 1.32% over the last 24 hours.
Despite today's fall, the rate of $DOGE is trading near the local resistance level. If buyers can hold the gained initiative and the candle closes around $0.1275, the upward move is likely to continue to the $0.13 zone.
On the bigger time frame, the picture is less positive. The price of the meme coin has not accumulated enough energy for a growth or fall. Such a statement is also confirmed by the falling volume.
In this case, ongoing sideways trading in the zone of $0.12-$0.13 is the more likely scenario.
From the midterm point of view, one should pay attention to the weekly bar's closure in terms of the interim level of $0.12. If the bar closes near it or below, the correction may continue to the $0.11 area.
$DOGE is trading at $0.1264 at press time.