Cryptocurrencies have started to return to a bullish zone, and in this context, the price of DOGE has also shown a slight increase. This article discusses DOGE's price changes, technical analysis, and future predictions.
DOGE Price and Changes
Over the past 24 hours, the price of DOGE has risen by 0.42%. Currently, DOGE is trading at $0.1702.
Technical Analysis of DOGE
On the hourly chart, the DOGE rate remains near the $0.1694 level. If bullish sentiment does not prevail shortly and the candle closes around support, traders may witness a breakout, followed by a test of the $0.1690 range by tomorrow. On the longer time frame, the situation is neither bearish nor bullish, as the price of DOGE has not accumulated enough strength for a sharp move. In this case, sideways trading around the $0.17 zone seems more likely.
Future Predictions
From a midterm perspective, one should focus on the weekly candle's closure. If it happens far from the support of $0.1642, there is a possibility of seeing a local bounce back to the $0.18 zone.
The DOGE price shows minimal changes and remains within the bounds of sideways trading. Monitoring the weekly candle closures might provide insights for predicting future price movements. The current situation requires careful analysis and market news tracking.
