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The majority of the coins have returned to the red zone on the last day of the week, according to CoinStats.
DOGE/USD
The price of DOGE has declined by 1.63% over the last day.
On the hourly chart, the rate of DOGE is rising after a bounce back from the local support level. If buyers can hold the gained initiative, one can expect a test of the upper level by tomorrow.
On the bigger time frame, the price of the meme coin is far from the key levels. The volume remains low, which means neither buyers nor sellers are powerful enough to seize the initiative.
In this case, sideways trading in the area of $0.1750-$0.18 is the more likely scenario.
From the midterm point of view, the situation remains bearish. If a breakout of the support level happens, there is a chance to witness a test of the $0.16 mark soon.
DOGE is trading at $0.1760 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team