U.Today - April has started with a neutral mood on the crypto market, according to CoinMarketCap.
DOGE/USD
The price of DOGE has risen by 2.37% over the last 24 hours.
Despite today’s growth, the rate of DOGE is looking bearish on the hourly chart. The price is going down after a false breakout of the resistance of $0.1746. If bulls cannot seize the initiative, traders may witness a test of the $0.1650 zone by tomorrow.
On the bigger time frame, the rate of the meme coin has bounced off the formed resistance of $0.1724. If the bar closes far from that mark and with a long wick, there is a chance to see an ongoing correction to $0.16.
From the midterm point of view, none of the sides is dominating, as the rate of DOGE is far from the support and resistance levels.
If the picture remains the same by the end of the week, sideways trading in the range of $0.1650-$0.18 is the most likely scenario.
DOGE is trading at $0.1691 at press time.
This content was originally published on U.Today
