Bulls are back in the game after a correction, according to CoinMarketCap.
Top coins by CoinMarketCapDOGE/USD
DOGE is one of the biggest gainers today, rising by 3.75%.
Image by TradingViewOn the hourly chart, the rate of DOGE is going down after a false breakout of the local resistance at $0.1273. If the drop continues, one can expect a test of the $0.1250 zone by tomorrow.
Image by TradingViewOn the longer time frame, one should focus on the daily bar’s closure in terms of the nearest level at $0.1279. If it breaks out, the accumulated energy might be enough for an ongoing rise to the $0.13 area.
Image by TradingViewFrom the midterm point of view, the situation is less positive for buyers. The rate of DOGE is near the support level, which means sellers’ pressure remains relevant.
As none of the sides is dominating, sideways trading in the range of $0.12-$0.13 is the most likely scenario.
DOGE is trading at $0.1263 at press time.
Source: https://u.today/doge-price-analysis-for-january-28
