Most cryptocurrencies have returned to the green zone.
The price $DOGE has increased.
by 6.87% over the past 24 hours.
On the hourly chart, the price $DOGE made a false breakout of the local resistance level at $0.1668. If the daily bar closes near the support level, there is a chance of breaking through, followed by an additional test of the $0.16 range.
On the larger timeframe, it is advised to pay attention to the closing of the candle at the level of $0.1652.
In case of a breakout, traders may witness an additional rise towards the $0.17 area.
From a medium-term perspective, the price of Doge remains within the previous range, indicating that neither side has gained control yet. Consequently, sideways trading in the range of $0.16-$0.18 is the most likely scenario.
Doge is trading at $0.1638 at the time of publication.