DOGE Price Prediction for May 25

The weekend has started bullish for the top 10 coins, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has increased by 2.38% over the last 24 hours.

On the hourly chart, the price of DOGE is in the middle of the narrow channel between the support of $0.1627 and the resistance of $0.1697.

If buyers seize the initiative and the bar closes near $0.17, the breakout may lead to the $0.1750 zone.

On the bigger time frame, neither side is dominating as the rate is far from the main levels. Respectively, any sharp moves are unlikely to happen soon. All in all, ongoing sideways trading in the range of $0.16-$0.17 is the more likely scenario.

From the midterm point of view, traders should focus on the weekly bar closure. If it happens near its peak, the upward move may continue to the $0.18-$0.20 area.

DOGE is trading at $0.1663 at press time.

Source