The last day of the week is neutral, according to CoinMarketCap.
DOGE/USD
As a crypto investor, I’ve noticed that the value of my Dogecoin holdings has climbed by 0.31% since yesterday. Over the past seven days, the price has jumped significantly by 18.58%, which is quite encouraging!
On an hourly timeframe, the value of the meme token has breached its nearby support level at approximately $0.3878. Should the daily closing price fall beneath this point, it’s reasonable to anticipate that the correction will persist towards the $0.38 region over the coming week.
On the bigger time frame, the rate of DOGE has once again failed to fix above the $0.3963 level.
If the candle closes far from it, one can expect a decline to the $0.36-$0.37 range shortly.
Looking at the mid-term perspective, the rate seems to be situated right in the center of a broad range. Should the weekly bar close near its current price levels, it’s more probable that we’ll witness sideways trading within the $0.35 to $0.40 zone.
DOGE is trading at $0.3852 at press time.
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2025-01-05 13:03