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The market is neither bullish nor bearish at the beginning of the weekend, according to CoinStats.
DOGE/USD
The price of DOGE has not changed since yesterday.
On the hourly chart, the rate of DOGE is falling after a false breakout of the resistance of $0.4339. If sellers’ pressure continues, one can expect a test of the support level by tomorrow.
A more positive picture is on the bigger time frame. If a breakout of the $0.4385 level happens, the accumulated energy might be enough for a blast to the $0.45 zone and above.
Related
Such a scenario is relevant for the following week.
On the weekly chart, the situation is quite similar. The closer the candle is to the resistance, the more likely a breakout to the $0.50 range is.
DOGE is trading at $0.4206 at press time.
