The cryptocurrency market keeps going up, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 8.04% over the last 24 hours.
On the hourly chart, the price of DOGE has made a false breakout of the local resistance of $0.4181. If the daily bar closes far from that mark, traders may seize the initiative, which may lead to a correction to the $0.40 area.
On the bigger time frame, one should pay attention to the candle’s closure in terms of the nearest level of $0.4230.
If the candle’s closure happens around it or above, an upward move is likely to continue to the $0.43-$0.44 range shortly.
From the midterm point of view, the rate of DOGE is far from key levels. In this case, traders should focus on the weekly bar in terms of the previous candle’s peak. If it closes above $0.40, there is a chance to see a test of the resistance of $0.48 by the end of the month.
DOGE is trading at $0.4104 at press time.
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