DOGE Price Analysis for January 21

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DOGE Price Analysis for January 21

Buyers are trying to be back in the game at the end of the week, according to CoinStats.

DOGE Price Analysis for January 21

DOGE/USD

DOGE has gained a lot of value, rocketing by 9.31%.

DOGE Price Analysis for January 21

On the hourly chart, the price of DOGE is between the support level of $0.08468 and the resistance of $0.09046. As most of the daily ATR has passed, any sharp moves are unlikely to happen today.

All in all, consolidation around $0.086 is the more likely scenario until tomorrow.

DOGE Price Analysis for January 21

A similar picture is on the daily time frame. If buyers want to continue controlling the situation on the market, they need to fix the price above the resistance level of $0.09213. Only in that case can one expect a test of the $0.095 zone.

DOGE Price Analysis for January 21

From the midterm point of view, traders should focus on the weekly bar closure in terms of the previous bar peak. If it happens above $0.088, the growth may continue to the $0.095-$0.01 area until the end of the week.

DOGE is trading at $0.0869 at press time.

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