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The weekend has started neutral for the cryptocurrency market, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 1.74% over the last 24 hours.
On the hourly chart, the price of DOGE is in the middle of the local channel between the support at $0.1628 and the resistance at $0.1721.
As most of the daily ATR has been passed, ongoing sideways trading in the area of $0.1650-$0.170 is the more likely scenario.
A similar situation is on the bigger time frame. Neither buyers nor sellers have accumulated enough energy for growth or a fall. The upward move may only continue if the rate returns to the $0.18 zone.
From the midterm point of view, the weekly bar is about to close far from its peak. If that happens, traders may witness consolidation in the area around $0.15 within the next few days.
DOGE is trading at $0.1674 at press time.
Tomiwabold Olajide
Arman Shirinyan
