U.Today - Buyers have almost seized the initiative as the majority of the coins are in the green zone again, according to CoinMarketCap.
DOGE/USD
Unlike other coins, the price of DOGE has declined by 4.44% over the last 24 hours.
On the hourly chart, the rate of DOGE is in the middle of the local channel, between the support of $0.3587 and the resistance of $0.3736. As none of the sides is dominating, ongoing sideways trading around the current prices is the more likely scenario by tomorrow.
On the bigger time frame, the price of the meme coin is within yesterday's bar, which means neither buyers nor sellers have seized the initiative yet.
If the situation does not change by the end of the day, there are low chances of seeing any sharp moves soon.
From the midterm point of view, the picture is similar. The rate of DOGE is far from crucial levels, confirming the absence of bulls or bears' energy. All in all, the ongoing consolidation in the wide range of $0.34-$0.40 is the more likely scenario until the end of the month.
DOGE is trading at $0.3670 at press time.
This content was originally published on U.Today
