This week, we are observing price increases in interesting cryptocurrencies, particularly DOGE. The price of this meme cryptocurrency has shown significant growth over the last 24 hours, and analysts are trying to predict its further movement.
Current Situation in the DOGE Market
DOGE's price has risen by 5.22% over the last 24 hours. This movement indicates a potential upward trend in the market for this cryptocurrency.
Price Level Analysis
On the hourly chart, DOGE has made a false breakout of the local resistance level at $0.2571. If selling pressure continues, we may see a test of the $0.24 zone shortly. On larger time frames, the price has once again tested the resistance at $0.24544.
Future Growth Prospects
If the bulls can maintain their initiative, a breakout followed by a move to the $0.26-$0.27 range can be expected. From a medium-term perspective, the price is near the $0.2534 resistance. If a breakout occurs and the candle closes without a long wick, traders may anticipate an ongoing upward move to the $0.28-$0.30 area.
The price of DOGE is at $0.2519 at the time of publication. Current trends and resistance level analysis indicate significant changes and potential prospects for investors.
