Compared to other coins, the price of DOGE has increased by 1.73% in the past day. The day began with a price explosion on the hourly chart, which established the support level at $0.07755 and the resistance at $0.07949. There is a possibility of a further increase to the $0.08 region tomorrow if the rate stays near the upper level until the end of the week.
As buyers have not yet taken the initiative following yesterday's bullish candle, the situation is uncertain on the longer time frame. Currently, traders should pay attention to the closest mirror level, which is at $0.08. If there is a breakout, the upward movement might continue to the $0.084 region.
Thus, selling volume is decreasing, which confirms the bears' vulnerability.
On the weekly chart, the situation is quite the opposite because the rate is close to the $0.07053 support level. As purchasers have not yet collected sufficient buying power, there are currently no requirements for a midterm rise. The most likely outcome in this circumstance is that the price will go below $0.07 before the month is through.
At the time of writing, DOGE is trading at $0.07787.
