DOGE Price Analysis for July 13


DOGE Price Analysis for July 13


The market has changed to red on the last day of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has fallen by 2.27% since yesterday. Over the last week, the price has risen by 20%.

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On the hourly chart, the price of DOGE is near the local support after a false breakout of the resistance of $0.1998.

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If the situation does not change by the end of the day, one can expect an ongoing correction, followed by a dump to the $0.1950 mark.

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On the bigger time frame, one should focus on the daily bar closure in terms of the nearest level of $0.20672. If a breakout happens, the accumulated energy might be enough for a move to the $0.21-$0.22 range.

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From the midterm point of view, the rate of DOGE is testing the $0.20 level again. If the weekly bar closes above it and with no long wick, the growth is likely to continue to the $0.22 mark.

DOGE is trading at $0.20 at press time.



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