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While coins are under pressure from the bears, the cryptocurrency market is surging locally.
DOGE gained a lot of value today, up almost 4%.
Saturday began local growth from DOGE after the false support level break at $0.09164. At the moment, the price is moving towards the middle of the narrow channel at $0.093.
If the bar closes around that point, there is a strong chance of seeing further growth to $0.094 tomorrow.
On the larger time frame, the price of DOGE has once again bounced off the resistance at $0.09461. However, if the bar closes today with no fuses followed by rising volume, a test of the important $0.10 zone could take place next week.
The situation is also positive on the weekly chart as there is a high possibility of seeing a close above the previous candle’s peak at $0.09150. In this case, DOGE can trade between $0.005 and $0.10 within a few weeks.
DOGE is trading at $0.09273 at the time of going to press.