The weekend has started with a bounce back of most coins, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has increased by 2.85% since yesterday.
Image by TradingViewThe price of DOGE has broken the local resistance level of $0.1082. If the daily bar closes far from it, the upward move may lead to a test of the $0.11 zone tomorrow.
Image by TradingViewOn the daily time frame, buyers have not accumulated enough strength for a further move. Such a statement is also confirmed by the falling volume.
In this case, any sharp ups or downs are unlikely to happen. All in all, sideways trading in the zone of $0.1050-$0.11 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, the picture is quite similar. The rate of DOGE is far from the important levels, which means traders may expect an ongoing consolidation between $0.10 and $0.1150 until the end of the month.
DOGE is trading at $0.1088 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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