The rates of most of the coins are rising at the beginning of the weekend, according to CoinMarketCap.

DOGE/USD

DOGE has gained a lot of value today, going up by 5.54%.

On the hourly chart, the price of DOGE is on the way to the local resistance of $0.1716. If bulls’ pressure continues, there is a chance of a test of the $0.1730-$0.1750 area soon.

On the bigger time frame, the rate of the meme coin is far from the key levels. In this case, one should focus on the bar closure in terms of yesterday’s bar peak.

If it happens above $0.1730, the growth is likely to continue to the $0.18 mark.

From the midterm point of view, sideways trading remains the more likely scenario. The volume is low, which means neither bulls nor bears have seized the initiative yet. All in all, traders may witness consolidation in the range of $0.1650-$0.1850 within the next days.

DOGE is trading at $0.1702 at press time.