Most of the cryptocurrencies have returned to the green zone on the first day of the weekend, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
DOGE has gained a lot of value today, rocketing by 12%.
Image by TradingView
Despite today’s rise, the rate of DOGE keeps looking bullish on the hourly chart. If the daily bar closes around the current prices or above, the growth is likely to continue to the $0.32 zone tomorrow.
Image by TradingView
On the bigger time frame, there are no reversal signals yet.
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If the situation does not change by the end of the day, traders may witness a test of the resistance of $0.3148 soon.
Image by TradingView
From the midterm point of view, one should focus on the weekly candle closure in terms of the $0.2867 level. If it happens above it and with no long wick, the growth is likely to continue to the $0.35 area by the end of the week.
DOGE is trading at $0.2975 at press time.
