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Predicting the DOGE Price for May 17th

Exciting news! The majority of coins are currently enjoying gains, as per CoinMarketCap.

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DOGE/USD

Guess what? The price of DOGE has actually inched up by almost 1% in the last 24 hours.

Take a peek at the chart on TradingView

Looking at the hourly chart, it seems like DOGE is feeling optimistic as it aims to break through the local resistance level of $0.1539. If buyers succeed, we might witness a breakout leading to a move towards the $0.16 area.

Chart from TradingView

The daily timeframe, however, paints a less rosy picture. The rate remains distant from crucial levels, indicating a lack of readiness from both bulls and bears to make any sudden moves.

Related

Currently, it seems like the more plausible scenario is continued sideways trading within the $0.15-$0.16 range until the week wraps up.

Chart by TradingView

A similar situation can be observed on the weekly chart, with the price hovering in the middle of a wide range between $0.1225 support and $0.1690 resistance. All things considered, it seems like consolidation around $0.15 is on the horizon until the month ends.

At the moment, DOGE is trading at $0.1526.


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