All of the top 10 coins are in the green zone today, according to CoinStats.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 5.41% since yesterday.
On the hourly chart, the price of DOGE is falling after setting a local resistance of $0.1751. If buyers cannot seize the initiative, one should expect a test of the $0.1674 level by tomorrow.
On the longer time frame, the rate of the meme coin has made a false breakout of yesterday’s bar’s peak.
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If the closure happens far from that mark, there is a chance of witnessing a correction to the $0.1650 range.
From the midterm point of view, none of the sides is dominating as the price is far from support and resistance levels. If the picture does not change, consolidation in the area of $0.1650-$0.1850 is the most likely scenario.
DOGE is trading at $0.1706 at press time.