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The cryptocurrency market is neither rising nor falling at the end of the week, according to CoinStats.
DOGE/USD
The rate of DOGE has dropped by 0.88% since yesterday.
Despite today's decline, the price of DOGE is trying to return to the local resistance of $0.1233. If that happens, the upward move may lead to a test of the $0.1250 area shortly.
On the bigger time frame, neither side is dominating as the rate is in the middle of the channel between the support of $0.1133 and the resistance of $0.1292.
Denys SerhiichukIn this regard, ongoing sideways trading in the zone of $0.12-$0.1250 is the more likely scenario.
From the midterm point of view, the picture is similar. If the weekly bar closes around the current prices, traders may witness consolidation between $0.1150 and $0.13 for the next days.
DOGE is trading at $0.1227 at press time.
Arman Shirinyan
Dan Burgin
Alex Dovbnya