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Bulls are trying to seize the initiative at the beginning of the weekend, according to CoinStats.
DOGE/USD
The price of DOGE has increased by 2.10% since yesterday.
On the hourly chart, the price of DOGE has broken the local resistance of $0.06067. If the daily candle closes above that mark, the rise is likely to continue to $0.062 tomorrow.
Bulls are also more powerful than bears on the daily time frame. Here, one should focus on the candle close in terms of yesterday's peak. If it happens with no long wicks, the upward move is likely to continue to the $0.063 zone soon.
From the midterm point of view, it is too early to make any far price predictions as the rate of DOGE has not accumulated enough energy.
In this case, sideways trading in the area of $0.060-$0.063 is the more likely scenario until the end of the month.
DOGE is trading at $0.06112 at press time.
Yuri Molchan
