Buyers are more powerful than sellers at the beginning of the weekend, according to CoinMarketCap.

DOGE/USD

The price of DOGE has risen by 2.83% over the last 24 hours.

On the hourly chart, the rate of DOGE is near the local resistance of $0.1777. If bulls can hold the gained initiative and the daily bar closes around the mentioned mark, growth is likely to continue to the $0.18 area.

On the bigger time frame, the price of DOGE has continued rising after yesterday’s bullish closure. However, one should focus on the nearest level of $0.1809. 

If its breakout happens and the candle closes with no long wick, the accumulated energy might be enough for a test of the $0.19-$0.20 range soon.

From the midterm point of view, traders should pay attention to the weekly bar in terms of the $0.1481 level. If the closure happens far from it, the bounce back is likely to continue to the $0.20 mark.

DOGE is trading at $0.1765 at press time.