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Bulls could not seize the initiative on the last day of the week.
DOGE/USD
The rate of DOGE has risen by 1% since yesterday. Over the last week, the price has fallen by 3.27%.
The price of DOGE might have set a local support level at $0.0933. If the growth continues, traders may expect a test of the resistance at $0.09784 by the end of the day.
A less positive picture is on the daily time frame. Buyers could not maintain the growth after the bullish candle.
If the correction continues and the bar closes near the support level, the accumulated energy might be enough for a dump to the $0.085-$0.090 area.
On the weekly chart, the rate of DOGE has made a false breakout of the resistance at $0.10645. If the bar closes far from that mark, there is a high chance of a further decline to the $0.08380 level.
DOGE is trading at $0.09510 at press time.
Alex Dovbnya
Tomiwabold Olajide
