The cryptocurrency market is moving back into the green zone, however, DOGE shows a contrasting trend with a decrease in price. We will look into current changes and forecasts.
Market Trends Overview
According to CoinMarketCap, the cryptocurrency market is returning to the green zone, indicating a build-up of positive sentiment among traders. This potentially opens up new opportunities for growth for most cryptocurrencies.
Current Changes in DOGE Price
DOGE has fallen by 1.18% over the last 24 hours. The hourly chart shows a false breakout of the local support at $0.2156. If buying pressure continues, DOGE is likely to rise to the next resistance level by tomorrow. On longer time frames, the meme coin price has also made a false breakout of the support at $0.2157.
Future Predictions for DOGE
If the daily bar closes far from the $0.2157 mark, a bounce back to the $0.2250-$0.23 area can be anticipated soon. From a mid-term perspective, neither side is dominating as the DOGE rate is far from key levels. If the situation does not change by the end of the week, sideways trading in the $0.21-$0.25 zone is the most likely scenario.
Overall, DOGE continues to experience fluctuations while the overall cryptocurrency market shows positive trends. Investors are anticipating further changes and a potential recovery.
