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The market remains under the pressure of the bears, second CoinStats.
DOGE/USD
The rate of DOGE has fallen by 2.08% since yesterday.
On the hourly chart, the price of DOGE made a false discovery of the local resistance of $0.1770. However, if the daily bar closes near that mark or above, the upward movement is likely to continue to the $0.18 area.
Over the longer term, the picture is less positive for the bulls. At the moment, the rate of DOGE is far from the nearest level of $0.1883.
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However, if it breaks out, the accumulated energy could be enough for a test of the $0.20 zone.
From the midterm point of view, neither side is dominant. Since the price of the meme coin is far from key levels, ongoing sideways trading is the most likely scenario for the rest of the month.
DOGE is trading at $0.1758 at press time.
