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As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.
The DOGE price is currently trading at $0.3983 at press time, and it’s essential to consider the short-term perspective before diving into a deeper analysis of the medium-term situation.
From the midterm point of view, one should pay attention to the weekly candle closure in terms of the $0.3650 level. If it happens near it, the accumulated energy might be enough for a breakout, followed by a test of the $0.35 zone.
If the candle closes near its low, the decline may continue towards the $0.38 zone soon.
In conclusion, any sharp moves are unlikely to happen by the end of the day due to the ATR being mostly passed.
Source: u.today
