The weekend has started with a bounce back of most coins, according to CoinStats.
DOGE/USD
The price of DOGE has gone up by 2.57% since yesterday.
On an hourly basis, Dogecoin’s price is quite a distance from its support and resistance points. If current conditions persist until the end of today, it seems that tomorrow may see continued price movement within a range, rather than a significant increase or decrease.
Over a longer period, it’s wise to keep an eye on the vicinity around $0.34. Should a breakthrough occur, there’s potential for further growth towards the $0.35 region relatively quickly.
Looking from a midterm perspective, the bulls haven’t been able to sustain the upward trend following the last bullish market close.
If the candle closes around the current prices, one may witness a test of the $0.30 zone shortly.
DOGE is trading at $0.3359 at press time.
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2025-01-11 18:22