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Bulls have turned out to be more powerful than bears on Saturday, according to CoinStats.
DOGE/USD
The rate of DOGE has gone up by 2.51% over the past 24 hours.
On the hourly chart, the price of DOGE is on the way to test the local resistance of $0.1121. If the bar reaches it or even closes above, the growth is likely to continue to the $0.1150 range shortly.
On the daily time frame, the picture is similar. If a test of the $0.1129 level happens and the candle closes with no long wick, the energy might be enough for a move to the $0.12 zone next week.
A less clear situation is on the weekly chart. The rate of DOGE is far from the key levels, which is also confirmed by the low volume. In this case, ongoing sideways trading in the area of $0.1050-$0.1150 is the more likely scenario.
DOGE is trading at $0.1118 at press time.
Tomiwabold Olajide
Dan Burgin