Despite selling pressure, most cryptocurrencies remain in the green at the start of the week. DOGE's rate has risen by 4.43% in the past 24 hours.
Current Situation in the DOGE Market
On the hourly chart, DOGE's price might have set a local resistance level at $0.2534. With most of the daily ATR already passed, there is a low chance of sharp movements by tomorrow.
Short-Term Forecasts for DOGE
On the larger time frame, the meme coin has once again bounced off the resistance of $0.2509. If the daily candle closes far from this mark, a correction to the $0.23 zone can be expected.
Long-Term Perspectives and Support Levels
From a midterm perspective, one should focus on the bar's closure in relation to the previous candle's high. If it happens around $0.26 or above, growth is likely to continue to the $0.30 range.
As of now, DOGE is trading at $0.2450. The current resistance and support levels may significantly influence further price movements.
