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Original U.Today article
Denys Serhiichuk
Has midterm growth of DOGE started yet?
Cover image via U.Today
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Most of the coins are maintaining yesterday's growth, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 1.05% over the last 24 hours.
On the hourly chart, the price of DOGE is falling after a false breakout of the local resistance level of $0.1190. If buyers cannot seize the initiative, there is a chance to see a further decline to the $0.11 range.
On the bigger time frame, the rate of DOGE has bounced off the $0.1193 level.
If the daily candle closes far from that mark, traders may witness a correction to the $0.1050-$0.11 zone by the end of the week.
From the midterm point of view, the price of the meme coin is far from support and resistance levels. As none of the sides is dominating, ongoing consolidation in the area of $0.10-$0.12 is the more likely scenario.
DOGE is trading at $0.1136 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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