Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls are more powerful than bears at the beginning of the weekend, according to CoinMarketCap.

DOGE/USD

DOGE has gained a lot of value today, rocketing by 6.05%.

On the hourly chart, the price of DOGE has bounced off the local support level of $0.1253. If the daily bar closes far from it, the upward move may continue to the $0.13 area by tomorrow.

On the bigger time frame, one should pay attention to the candle closure in terms of the $0.1292 level.

If it happens near it and with no long wick, the accumulated energy might be enough for a breakout followed by a blast to the $0.1350 area.

From the midterm point of view, bulls are trying to seize the initiative. If the weekly bar closes around the current prices, traders may expect a continued rise to the $0.14 mark next week.

DOGE is trading at $0.1271 at press time.