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According to CoinMarketCap, the cryptocurrency market continues to rise.
Top coins by CoinMarketCap
doge/usd
The DOGE rate increased by 8.04% in the past 24 hours.
Image by TradingView
On the hourly chart, DOGE price accidentally broke through the local resistance at $0.4181. If the daily closes far from that mark, traders could take control and could lead to a correction to the $0.40 area.
Image by TradingView
On larger time frames, you should pay attention to the closing price of the candlestick at the nearest level of $0.4230.
related
If the candlestick closes near or above, the bull market will likely continue to the $0.43 to $0.44 range soon.
Image by TradingView
From a medium-term perspective, the DOGE rate is far from an important level. In this case, traders should focus on the weekly bar in terms of the peak of the previous candlestick. If it closes above $0.40, the $0.48 resistance level could be tested by the end of the month.
At the time of writing, DOGE is trading at $0.4104.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available.
