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The crypto market is mainly controlled by bulls at the end of the week, according to CoinStats.
DOGE/USD
The rate of DOGE has increased by 0.7% over the last 24 hours.
On the hourly chart, the price of DOGE is going up after a breakout of the local resistance of $0.1758. If bulls can hold the gained initiative, traders may see a test of the $0.18-$0.1840 range soon.
On the bigger time frame, one should focus on the daily bar closure in terms of the $0.1816 resistance.
If a breakout happens, the accumulated energy might be enough for a continued upward move to the $0.19-$0.20 range.
From the midterm point of view, the price of DOGE is about to close far from the support and resistance levels. The volume remains low, which means traders are unlikely to see sharp moves soon.
DOGE is trading at $0.1780 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team