u.today
The market is mainly trading sideways at the beginning of the weekend.
DOGE/USD
The price of DOGE has increased by 1.17% over the last 24 hours.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/c80/c80660ad841a06d7b905bda950e6adc4ebc62325.png" size="1799x874">
Despite today's slight rise, the rate of DOGE is returning to the local support level at $0.07605. If the closure happens near it, the accumulated energy might be enough for a continued decline to the $0.075 zone.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/a3b/a3b20e79bd3ce18966ec00bc284120c76c2e1335.png" size="1799x882">
On the daily chart, bears are also more powerful than bulls as the price has once again made a false breakout of the resistance at $0.07890. While the rate is below that mark, there is a chance to see a correction to the zone of $0.070-$0.072.
DOGE/USD chart byTradingView" src="https://cnews24.ru/uploads/f8d/f8d96cf634281fea930b47ee6f2309578f40a38b.png" size="1799x882">
From the midterm point of view, the rate is located closer to the resistance than to the support, which means that bulls have a chance to seize the initiative soon. However, in order for this to happen, they need to fix the price above the $0.078 zone.
Only in that case can traders expect a possible breakout followed by a blast to $0.08 and above.
DOGE is trading at $0.0764 at press time.