The week is about to close bullish for most coins, according to CoinStats.
DOGE/USD
The price of DOGE has risen by 3.76% since yesterday.
On the hourly chart, Dogecoin’s price hovers around the nearby support of $0.1583. Should the day’s closing price approach this level, the downward trend could extend towards $0.1550 in the near future.
Looking at the larger perspective, the price appeared to have made an incorrect breakout above yesterday’s highest point. Should bulls not take control and the day’s candle ends significantly below $0.1650, bears could regain strength, potentially causing the price to fall further towards $0.15.
In simpler terms, neither side is clearly in control during the midpoint of the week as the closing of the weekly bar is approaching but remains distant from previous levels.
Instead, the decreasing volume indicates that the market may continue moving sideways between $0.15 and $0.17 for the upcoming days.
DOGE is trading at $0.1599 at press time.
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2024-04-21 19:14