DOGE Price Prediction for May 22

Bulls are giving bears no chances, as most of the coins are in the green zone, according to CoinMarketCap.

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DOGE/USD

DOGE is the biggest gainer today, rocketing by 6.73%.

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On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.2437. If the daily bar closes far from that mark, the drop may continue to the $0.2350 area.

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On the bigger time frame, the price of DOGE is in the middle of a wide channel, between the support of $0.2058 and the resistance of $0.2598.

The volume keeps falling, which means traders are unlikely to witness sharp ups or down soon.

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From the midterm point of view, bulls keep controlling the situation on the market. Currently, one should focus on the nearest zone of $0.25. If it breaks out, the accumulated strength might be enough for a move to $0.30.

DOGE is trading at $0.2405 at press time.