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The weekend has started with a bounce back of most coins, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has increased by 2.85% since yesterday.
The price of DOGE has broken the local resistance level of $0.1082. If the daily bar closes far from it, the upward move may lead to a test of the $0.11 zone tomorrow.
On the daily time frame, buyers have not accumulated enough strength for a further move. Such a statement is also confirmed by the falling volume.
Denys SerhiichukIn this case, any sharp ups or downs are unlikely to happen. All in all, sideways trading in the zone of $0.1050-$0.11 is the more likely scenario.
From the midterm point of view, the picture is quite similar. The rate of DOGE is far from the important levels, which means traders may expect an ongoing consolidation between $0.10 and $0.1150 until the end of the month.
DOGE is trading at $0.1088 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team