Buyers Show Resilience in DOGE Market

Buyers do not seem likely to give up so easily, according to CoinStats.

DOGE/USD

The price of DOGE has increased by 1.38% over the past 24 hours.

On the hourly chart, the rate of DOGE is near the resistance level of $0.2115. If its breakout happens, the accumulated energy might be enough for a further upward move to the $0.22 zone.

On the bigger time frame, the price of the meme coin has once again bounced back off the support of $0.2017.

If the bar closes far from it, there is a chance to see a test of the $0.22-$0.23 area within the next few days.

From the midterm point of view, traders should focus on the candle’s closure in terms of the $0.2017 level. If the bar closes around it or below, the decline is likely to continue to the $0.1750 mark.

DOGE is trading at $0.2079 at press time.