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The market is trading sideways at the beginning of the weekend, according to CoinMarketCap.
DOGE/USD
The price of DOGE has declined by 4% over the last day.
On the hourly chart, the rate of DOGE is near the local resistance level of $0.1371. If it breaks out, the upward move may continue to the $0.14 zone tomorrow.
On the bigger time frame, neither bulls nor bears are dominating. At the moment, one should pay attention to the $0.13 zone.
Denys SerhiichukIf it breaks out happens, the correction may lead to the test of the $0.1225 support.
From the midterm point of view, sellers remain more powerful than buyers. If the weekly bar closes around current prices, traders may witness a test of the $0.12 zone.
DOGE is trading at $0.1367 at press time.
Alex Dovbnya
Dan Burgin
Vladislav Sopov