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Bulls remain more powerful than bears at the beginning of the weekend, according to CoinStats.
DOGE/USD
The rate of DOGE has rocketed by 7.70% since yesterday.
On the local chart, the rate of DOGE has set a local resistance level at $0.08177. At the moment, one should pay attention to the daily closure in terms of that mark.
If it happens far from that mark, the decline may continue to the interim zone of $0.077.
On the bigger time frame, traders should focus on the nearest level at $0.07720. If the candle closes far from it, the upward move is likely to continue to the $0.084 area next week.
From the technical point of view, the midterm growth is likely to continue if the candle closes near the resistance of $0.08358. In that case, the growth may lead to a test of the $0.09 area.
DOGE is trading at $0.08011 at press time.
About the author
Denys Serhiichuk