Has bearish trend of DOGE ended yet?cassino 456 Advertisement

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Despite bears' pressure, most of the coins are in the green zone today, according to CoinStats.

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DOGE/USD

The price of DOGE has increased by 1.53% since yesterday.

On the hourly chart, the rate of DOGE is on its way to the local resistance of $0.16. If the daily bar closes near the upper level, the accumulated energy might be enough for a test of the $0.1620 zone.

From the bigger time frame, neither buyers nor sellers are dominating. However, if the bar closes around current prices, sideways trading in the range of $0.1550-0.1650 is the more likely scenario.

From the midterm point of view, one should focus on the bar's closure in terms of the $0.1411 level.

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If it happens far from the bar's closure, bulls may seize the initiative, which may lead to growth to the $0.20 mark.

DOGE is trading at $0.1588 at press time.