Dogecoin (DOGE) shows signs of a short-term price increase, potentially reaching $0.41 with a successful break above $0.4073 resistance. However, the long-term outlook remains uncertain, with DOGE trading far from significant support and resistance levels. The author suggests that traders should not expect any dramatic price movements in the coming week.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the price of DOGE is on its way to the local resistance of $0.4073. If the daily bar closes near it or above, the upward move is likely to continue to the $0.41 area by tomorrow.On the bigger time frame, the picture is less positive. The rate of the meme coin is far from the support and resistance levels. A further rise may be possible only if bulls restore the rate to the $0.4230 mark.From the midterm point of view, none of the sides is dominating. Such a statement is also confirmed by the falling volume. All in all, traders are unlikely to expect any sharp moves by the end of the week.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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