The weekend has started bullish for the top 10 coins, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has increased by 2.38% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of DOGE is in the middle of the narrow channel between the support of $0.1627 and the resistance of $0.1697.
If buyers seize the initiative and the bar closes near $0.17, the breakout may lead to the $0.1750 zone.
Image by TradingViewOn the bigger time frame, neither side is dominating as the rate is far from the main levels. Respectively, any sharp moves are unlikely to happen soon. All in all, ongoing sideways trading in the range of $0.16-$0.17 is the more likely scenario.
Image by TradingViewFrom the midterm point of view, traders should focus on the weekly bar closure. If it happens near its peak, the upward move may continue to the $0.18-$0.20 area.
DOGE is trading at $0.1663 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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