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The weekend has started with a bounce back of most coins, according to CoinStats.
DOGE/USD
The price of DOGE has gone up by 2.57% since yesterday.
On the hourly chart, the rate of DOGE is far from the support and resistance levels. If the situation does not change by the end of the day, ongoing sideways trading is the more likely scenario for tomorrow.
On the bigger time frame, one should focus on the nearest zone of $0.34. If a breakout happens, the upward move may continue to the $0.35 area soon.
From the midterm point of view, bulls have failed to maintain the rise after the previous bullish closure.
Denys SerhiichukIf the candle closes around the current prices, one may witness a test of the $0.30 zone shortly.
DOGE is trading at $0.3359 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Dan Burgin
Vladislav Sopov