The market is mainly trading sideways as the rates of some coins are rising, while others keep falling, according to CoinMarketCap.
Top coins by CoinMarketCapDOGE/USD
The price of DOGE has gone up by 1.91% over the last 24 hours.
Image by TradingView
Despite today's rise, the rate of DOGE is looking rather more bearish than bullish as it is near the local support level of $0.0988. If the daily bar closes near it, there is a chance to see a breakout, followed by a move to the $0.098 area.
Image by TradingView
The situation is similar on the bigger time frame. If the candle closes far from its peak, bears may again seize the initiative, leading to a test of the $0.094 zone by the end of the week.
Image by TradingView
From the midterm point of view, it is too early to make any distant predictions, as only a few days remain until the candle's closure.Â
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However, if the breakout of the $0.094 mark does not happen, traders may witness sideways trading in the range around $0.10 within the next week.
DOGE is trading at $0.0993 at press time.
