u.today
Bulls are back in the game on the last day of the week, according to CoinMarketCap.
$DOGE/USD
The rate of $DOGE has risen by 3.08% since yesterday. Over the last week, the price has fallen by 13.48%.
The price of $DOGE is looking bearish on the hourly chart. If the situation does not change by the end of the day, one can expect a support breakout, followed by a further drop to the $0.25 area.
On the bigger time frame, the rate of $DOGE is far from the key levels. In this case, one should focus on the current candle closure. If it happens far from its high and with a long wick, traders may witness a correction to the support of $0.2427 soon.
From the midterm point of view, the price of the meme coin has made a false breakout of the support of $0.2204.
If the weekly bar closes far from that mark, there is a chance of a local bounce back to the $0.26-$0.28 range.
$DOGE is trading at $0.2540 at press time.