DOGE/USD
The price of DOGE has risen by 3.76% since yesterday.
On the hourly chart, the rate of DOGE is trading near the local support level of $0.1583. If the daily bar closes near that mark, the drop may continue to the $0.1550 zone soon.
On the bigger time frame, the price has made a false breakout of yesterday’s peak. If bulls fail to seize the initiative and the candle closes far from $0.1650, bears may be back in the game, which might lead to a further drop to $0.15.
From the midterm point of view, neither side is dominating as the weekly bar is about to close far from its levels.
However, the volume is falling, which means that ongoing sideways trading in the zone of $0.15-$0.17 is the more likely scenario for the next days.
DOGE is trading at $0.1599 at press time.
