Bulls vs Bears

Bulls continue to dominate over bears, as noted by CoinMarketCap.

DOGE/USD

The price of DOGE has increased by 2.79% in the last 24 hours.

Resistance and Support Levels

On the hourly chart, DOGE has possibly established a local resistance at $0.22. Given that most of the Average True Range (ATR) has been exhausted, sharp moves are unlikely.

If the daily bar closes near the support level of $0.2023, a breakout could occur, leading to a test of the $0.20 zone.

Traders should pay attention to the daily candle closure. If it is far from the peak, sellers might re-enter, potentially driving the price down to the $0.18-$.19 range.

From a mid-term perspective, there are still no reversal signals. Should the weekly bar close around $0.1750, the accumulated energy might initiate a test of the $0.15 area.

As of now, DOGE is trading at $0.2040.