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The start of the weekend is bullish for the majority of cryptocurrencies, according to CoinStats.
DOGE/USD
The price of DOGE has increased by 1.64% since yesterday.
The rate of DOGE is going down after a false breakout of the local resistance of $0.1696. If bulls cannot seize the initiative, one can expect a test of the support level by tomorrow.
On the bigger time frame, the price is far from main levels. In this regard, one should focus on the interim zone of $0.16.
Denys SerhiichukIf buyers lose it, the accumulated energy might be enough for a test of the $0.15-$0.1550 zone.
From the midterm point of view, neither bulls nor bears are dominating. The volume keeps falling, which means ongoing sideways trading around the current prices is the more likely scenario.
DOGE is trading at $0.1681 at press time.
Vladislav Sopov
Dan Burgin