Neither bulls nor bears are dominating on the first day of the weekend.
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DOGE/USD
The price of DOGE has increased by 1% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of DOGE is in the middle of the local channel. Any sharp moves are unlikely until the end of the day as most of the ATR has been passed.
Respectively, ongoing sideways trading between $0.077 and $0.078 is the more likely scenario.
Image by TradingView
On the bigger time frame, the situation is unclear as the rate of DOGE does not have enough energy to grow or fall. Traders can only think about a bullish trend reversal if the price fixes above the $0.08 mark.
Image by TradingView
On the weekly chart, the candle is about to close above the important level at $0.07547. If that happens, buyers might locally seize the initiative, which can lead to a rise to the $0.085-$0.09 area next month.
DOGE is trading at $0.07780 at press time.
Alex Dovbnya
Godfrey Benjamin