Bulls are trying to be back in the game at the end of the week, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The rate of DOGE has increased by 2.63% since yesterday. Over the last week, the price has fallen by 5.62%.
Image by TradingViewOn the hourly chart, the price of DOGE is looking bullish as it is approaching the local resistance of $0.1506. If buyers can keep up their pressure, traders may witness a breakout followed by a move to the $0.1510-$0.1520 zone.
Image by TradingViewToday’s growth of DOGE has not affected its overall technical position on the daily time frame. As neither side is dominating, ongoing consolidation around $0.15 is the more likely scenario for the next days.
Image by TradingViewA similar picture is on the weekly chart. The volume keeps going down, confirming the absence of buyers’ and sellers’ power. All in all, one can expect sideways trading in the area of $0.1450-$0.1650.
DOGE is trading at $0.1501 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.
Source link
