U.Today - Most of the coins are coming back to the green zone, according to CoinMarketCap.
DOGE/USD
The price of DOGE has risen by 4.51% over the last day.
On the hourly chart, the rate of DOGE is looking bullish. If the daily bar closes above the local resistance of $0.1688, the upward move is likely to continue to the $0.18 tomorrow.
On the bigger time frame, the price of DOGE is rising after a false breakout of the support of $0.1504. However, the accumulated energy might not be enough for a continued upward move.
In this case, sideways trading in the narrow range of $0.1650-$0.1750 is the most likely scenario.
From the midterm point of view, the rate of the meme coin has bounced off the support of $0.1481. If the weekly bar closes far from that mark, traders may expect a test of the $0.20 area soon.
DOGE is trading at $0.1681 at press time.
This content was originally published on U.Today
