The Dogecoin (DOGE) price saw a significant rebound after experiencing a short-lived correction, as per CoinStats data. The cryptocurrency is currently trading up around 5% today. 📈 📊 On the hourly chart, DOGE continues to exhibit bullish momentum. If the daily bar closes above resistance, the potential for further gains remains high, with target zones like $0.19 and beyond. ⬆️ 🚀
Looking at a longer timeframe, Dogecoin’s price has been on an upward trajectory following yesterday’s positive close. If no significant changes occur, a test of the resistance is likely within the coming days.
The weekly candle’s closing will be critical for determining future direction. A substantial increase in the wick would indicate that bulls are regaining control and could potentially lead to a bounce towards the $0.20 mark.
DOGE currently trades at $0.1879 at press time.