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Buyers are controlling the initiative at the beginning of the weekend, according to CoinStats.
DOGE/USD
The price of DOGE has risen by 1.12% since yesterday.
On the hourly chart, the rate of DOGE is going up after a test of the local support level of $0.1033. If the upward move continues, there is a chance of a breakout of the resistance of $0.1055 shortly.
On the daily time frame, the price of the meme coin remains bearish while it is below the nearest level of $0.1080. However, if a breakout happens, the energy might be enough for growth to the $0.11 range and above.
From the midterm point of view, the rate of DOGE has made a false breakout of the support of $0.09136. But buyers have not accumulated enough strength to seize the initiative yet.
Denys SerhiichukIn this case, consolidation in the area of $0.10-$0.1150 is the more likely scenario for the next few days.
DOGE is trading at $0.1045 at press time.
Alex Dovbnya
