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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 risen by almost 1% since yesterday.
Despite today’s slight growth, the rate of DOGE looks bearish on the hourly chart, as the price is returning to the support level of $0.0775.
If the situation does not change by the end of the day, one can expect a test of the $0.077 zone soon.
On the daily time frame, the situation is neutral as the price of DOGE is far from the main levels. In this case, sideways trading in the area of $0.077-$0.079 is the more likely scenario for the next few days.
From the midterm point of view, the rate is trying to return to the resistance level. If it manages to do that and fixes above the $0.083 range, traders may expect a blast to the $0.09 zone next month.
DOGE is trading at $0.07798 at press time.