The crypto market is under bullish control at the end of the week, particularly with DOGE showing strong growth.
Current Price and Weekly Growth of DOGE
As of now, DOGE is priced at $0.1647, with an increase of 0.88% over the past day. In the last week, the price rose by 5.24%.
Technical Analysis of DOGE
On the hourly charts, DOGE experienced a false breakout of the resistance level at $0.1650. However, if the daily bar closes above this level, there is a chance to test the $0.1680 zone. In a broader time frame, DOGE is moving towards the $0.1677 level, and traders should pay attention to the candle closure around yesterday's bar high.
Trading Prospects Ahead
From a medium-term perspective, the cryptocurrency remains within the range of the previous weekly bar. The trading volume is declining, indicating a lack of initiative from both sides. It is likely that we will see sideways trading around the current price levels.
Currently, DOGE is trading at $0.1647, and in the short term, based on technical analysis data and declining volumes, sideways movement seems probable.
