u.today
Bear are not ready yet to seize the initiative, according to CoinStats.
$DOGE/USD
$DOGE is one of the biggest gainers today, rising by 5.46%.
On the hourly chart, the rate of $DOGE is going down after a false breakout of the local resistance of $0.2588. If the fall continues, one can expect a test of the $0.25 area soon.
On the longer time frame, the situation is reversed. The price of the meme coin is growing after a resistance breakout of $0.2438. If bulls can hold the initiative, an upward move is likely to continue to the $0.27 range.
From the midterm point of view, the rate of $DOGE is far from the support and resistance levels. In this case, there are low chances of seeing sharp moves anytime soon.
All in all, consolidation in the area of $0.24-$0.27 is the most likely scenario.
$DOGE is trading at $0.2562 at press time.