As CoinStats reports, bulls are making a comeback towards the end of the week. Let’s take a look at DOGE‘s current status. The coin has seen a 2.63% price hike since yesterday, but over the past week, it dropped by 5.62%.
Bulls are trying to be back in the game at the end of the week, according to CoinStats.
DOGE/USD
In the past 24 hours, there’s been a 2.63% rise in DOGE‘s value. Conversely, over the last seven days, its price has declined by 5.62%.
On the hourly chart, the price of Dogecoin is showing signs of strength as it nears the resistance level of $0.1506. If buyers maintain their momentum, there’s a good chance we’ll see a price breakthrough and potential advance towards the $0.1510 to $0.1520 range.
From a personal perspective as a crypto investor, today’s price surge of DOGE hasn’t significantly altered its technical standing in the daily chart. Neither bulls nor bears have taken control yet, so it’s plausible to anticipate further consolidation around $0.15 for the upcoming days.
As a researcher analyzing the market trends, I observe that the weekly chart presents a comparable image. The volume is steadily declining, signaling weak buying and selling activity. Consequently, it’s reasonable to anticipate sideways trading in the vicinity of $0.1450-$0.1650.
DOGE is trading at $0.1501 at press time.
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2024-04-28 18:58