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The weekend has started positively for the cryptocurrency market.
DOGE/USD
The rate of DOGE has fallen by 0.44% over the past day.
The price of DOGE is looking bearish on the hourly chart, as the rate has failed to return to the local resistance level. In this regard, consolidation around $0.093 is the more likely scenario until the end of the day.
On the bigger time frame, the situation is also more bearish than bullish.
Buyers only have a chance to seize the initiative if they restore the price above the vital zone of $0.1.
Neither bulls nor bears are dominating on the weekly time frame. If the bar closes near the current prices, ongoing sideways trading in the range of $0.09-$0.095 is the more likely scenario until the end of the month.
DOGE is trading at $0.09305 at press time.
Dan Burgin
Yuri Molchan
