DOGE Price Analysis for October 21 – U.Today


DOGE Price Analysis for October 21 – U.Today


The rates of most of the coins are in the green zone; however, there are some exceptions to the rule, according to CoinStats.

DOGE chart by CoinStats

DOGE/USD

The rate of DOGE has risen by 0.57% since yesterday.

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On the hourly chart, the price of DOGE has fixed above the local resistance of $0.20075. If bulls can hold the gained initiative and the daily candle closes far from that level, the upward move is likely to continue to the $0.21 zone.

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On the lomger time frame, the rate of DOGE is on its way to the resistance of $0.2142. 

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If its breakout happens, the accumulated energy might be enough for a move to the $0.23 area.

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From the midterm point of view, neither bulls nor bears are controlling the situation on the market. The volume is low, which means sideways trading around current prices is the most likely scenario.

DOGE is trading at $0.2053 at press time.



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