Bulls Still Hesitant to Seize Initiative, Says CoinStats

DOGE/USD

The price of DOGE has increased by 5.97% in the past 24 hours.

On the hourly chart, DOGE briefly broke through local resistance at $0.1925. If the daily bar closes significantly away from this level, bears may take control, potentially driving the price down to $0.1880.

Mid-term, DOGE has risen after breaking above the nearest support level at $0.1788. As long as the price stays below this mark, buyers remain stronger than sellers.

This positions DOGE for a potential upward movement towards the $0.20-$0.21 range.

Traders should keep an eye on the $0.20 interim zone, which is pivotal for future price action. A weekly close above this level without a long wick could indicate possible mid-term growth and a follow-up test around $0.22.

Currently, DOGE is trading at $0.1916.