u.today
Bulls are back in the game after a few days of the market dropping, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 9.27%.
On the hourly chart, the rate of DOGE might have set a local support level of $0.3556. However, if the daily bar closes near it and with no long wick, there is a chance to see a breakout, followed by a move to the $0.36 zone.
On the longer time frame, one should pay attention to the bar's closure in terms of the nearest level of $0.3555. If it happens near it or above, traders may witness a test of the $0.36-$0.3650 zone shortly.
From the midterm point of view, the rate of DOGE is far from key levels.
If the situation does not change by the end of the week, sideways trading in the range of $0.34-$0.38 is the most likely scenario.
DOGE is trading at $0.3518 at press time.