What is the likelihood of seeing a short-term DOGE price spike?
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Buyers have come back to the game, according to CoinStats data.
Top coins by CoinStats
DOGE/USD
The price of DOGE has increased by 3.76% since yesterday.
Image by TradingView
On the hourly chart, DOGE’s price has broken through the local resistance level of $0.06389. If the daily bar closes above this mark, the upward trend may continue, potentially reaching the $0.066 zone tomorrow.
Image by TradingView
On the daily time frame, DOGE’s price has experienced a false breakout above the resistance level of $0.06546. Traders should currently pay attention to the bar closure. If it closes near the mentioned level, a significant price increase to the $0.067-$0.068 range could be expected soon.
Image by TradingView
From the mid-term point of view, the price of DOGE has tested the recently formed level of $0.06546. If the situation does not change by the end of the week, buyers will have an opportunity to take control of the market.
All in all, it can lead to a potential upward move to the area of $0.068.
DOGE is trading at $0.06486.