u.today
Buyers are controlling the situation on the market on the last day of the week, according to CoinStats.
$DOGE/USD
The rate of $DOGE has gone up by 1.55% over the last 24 hours.
On the hourly chart, the price of $DOGE is on the way to the local resistance of $0.2182. If the growth continues, traders may expect a test of the $0.2190 mark soon.
On the bigger time frame, the rate of the meme coin is in the middle of the channel between the support of $0.2058 and the resistance of $0.2259.
The volume keeps going down, which means neither bulls nor bears have enough energy for a sharp move. All in all, sideways trading in the range of $0.2150-$0.22 is the more likely scenario.
From the midterm point of view, the situation is neutral as the price of $DOGE is far from the main levels. In this case, traders are unlikely to witness increased volatility over the next weeks.
$DOGE is trading at $0.2183 at press time.