DOGE Price Prediction for July 11

The rates of most of the coins keep setting new local peaks, according to CoinStats.

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DOGE chart by CoinStats

DOGE/USD

DOGE is one of the biggest gainers today, rocketing by 8%.

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Image by TradingView

Despite today’s sharp rise, the rate of DOGE keeps looking bullish on the hourly chart. If the breakout of the local resistance happens, the accumulated energy might be enough for a move to the $0.2050 zone.

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Image by TradingView

On the longer time frame, the price of DOGE has once again bounced off the resistance of $0.20. 

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If the daily bar closes far from that mark, sellers may seize the initiative, which may lead to a correction to the $0.19-$0.1950 area.

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Image by TradingView

From the midterm point of view, the situation is more positive. If the weekly bar closes above the resistance of $0.20 and with no long wick, the breakout may lead to a test of the $0.22 range.

DOGE is trading at $0.1995 at press time.

Source: https://u.today/doge-price-prediction-for-july-11-0