u.today
Bulls are back in the game after a correction, according to CoinMarketCap.
$DOGE/USD
$DOGE is one of the biggest gainers today, rising by 3.75%.
On the hourly chart, the rate of $DOGE is going down after a false breakout of the local resistance at $0.1273. If the drop continues, one can expect a test of the $0.1250 zone by tomorrow.
On the longer time frame, one should focus on the daily bar's closure in terms of the nearest level at $0.1279. If it breaks out, the accumulated energy might be enough for an ongoing rise to the $0.13 area.
From the midterm point of view, the situation is less positive for buyers. The rate of $DOGE is near the support level, which means sellers' pressure remains relevant.
As none of the sides is dominating, sideways trading in the range of $0.12-$0.13 is the most likely scenario.
$DOGE is trading at $0.1263 at press time.