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Bulls are trying to be back in the game at the end of the week, according to CoinStats.
DOGE/USD
The rate of DOGE has increased by 2.63% since yesterday. Over the last week, the price has fallen by 5.62%.
On the hourly chart, the price of DOGE is looking bullish as it is approaching the local resistance of $0.1506. If buyers can keep up their pressure, traders may witness a breakout followed by a move to the $0.1510-$0.1520 zone.
Today’s growth of DOGE has not affected its overall technical position on the daily time frame. As neither side is dominating, ongoing consolidation around $0.15 is the more likely scenario for the next days.
A similar picture is on the weekly chart. The volume keeps going down, confirming the absence of buyers’ and sellers’ power. All in all, one can expect sideways trading in the area of $0.1450-$0.1650.
DOGE is trading at $0.1501 at press time.
