As a seasoned researcher with over a decade of experience in the cryptocurrency market, I have witnessed numerous ups and downs, bubbles, and crashes. Yet, I must admit that the unpredictability of this digital frontier never ceases to intrigue me.
On the final day of the week, as per CoinStats, a majority of the coins have moved back into the positive territory.
DOGE/USD
In just one day, the value of DOGE increased by approximately 3.74%, and over the past seven days, its price has gone up by around 0.27%.
On an hourly timeframe, it’s crucial to consider the closing position of price bars relative to the potential resistance level at $0.1387. If the candle closes significantly away from this level without a long upper shadow (wick), there’s a possibility that growth could extend towards the $0.1420 mark.
On the bigger time frame, the rate of DOGE is far from the main levels.
If the closing price for the day is approximately $0.14, it’s possible that an upward trend could result in a challenge of the resistance level at roughly $0.1470 in the near future.
Looking at the short-term perspective, neither buyers nor sellers seem to be strongly in control. Therefore, significant price swings might not occur immediately. Instead, it’s more probable that the market will trend sideways around $0.1350 to $0.15 for now.
DOGE is trading at $0.1397 at press time.
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2024-10-27 18:50