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The end of the week is more bullish than bearish, according to CoinStats.
DOGE/USD
Unlike most other coins, the price of DOGE has fallen by 0.19% since yesterday.
On the hourly chart, the rate of DOGE has made a false breakout of the local support of $0.2348. Now, one should focus on the daily bar closure in terms of the aforementioned level.
If sellers' pressure continues, there is a possibility of a test of the $0.23 zone.
On the bigger time frame, neither side is dominating as the price of the meme coin is far from its key levels. In this regard, consolidation in the range of $0.23-$0.25 is the more likely scenario.
From the midterm point of view, buyers have failed to maintain the rise after the previous bullish closure. If the situation does not change, traders may expect sideways trading in the zone of $0.22-$0.26 over the next weeks.
DOGE is trading at $0.2382 at press time.
Vladislav Sopov
U.Today Editorial Team