The week is about to close bullish for most coins, according to CoinStats.
Top coins by CoinMarketCap
DOGE/USD
The price of DOGE has risen by 3.76% since yesterday.
Image by TradingViewOn the hourly chart, the rate of DOGE is trading near the local support level of $0.1583. If the daily bar closes near that mark, the drop may continue to the $0.1550 zone soon.
Image by TradingViewOn the bigger time frame, the price has made a false breakout of yesterday’s peak. If bulls fail to seize the initiative and the candle closes far from $0.1650, bears may be back in the game, which might lead to a further drop to $0.15.
Image by TradingViewFrom the midterm point of view, neither side is dominating as the weekly bar is about to close far from its levels.
However, the volume is falling, which means that ongoing sideways trading in the zone of $0.15-$0.17 is the more likely scenario for the next days.
DOGE is trading at $0.1599 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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