The cryptocurrency market is neither rising nor falling at the end of the week, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The rate of DOGE has dropped by 0.88% since yesterday.
Image by TradingViewDespite today’s decline, the price of DOGE is trying to return to the local resistance of $0.1233. If that happens, the upward move may lead to a test of the $0.1250 area shortly.
Image by TradingViewOn the bigger time frame, neither side is dominating as the rate is in the middle of the channel between the support of $0.1133 and the resistance of $0.1292.
In this regard, ongoing sideways trading in the zone of $0.12-$0.1250 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, the picture is similar. If the weekly bar closes around the current prices, traders may witness consolidation between $0.1150 and $0.13 for the next days.
DOGE is trading at $0.1227 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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