Dogecoin Price Prediction for April 5

The cryptocurrency market is experiencing growth early this weekend, according to CoinMarketCap. DOGE/USD has gained significantly today, with a 5.54% increase in value. On the hourly chart, Dogecoin’s price shows a climb towards its local resistance level of $0.1716. If bullish pressure persists, a test of the $0.1730-$0.1750 area could occur soon. 🕵️‍♂️ On larger timeframes, Dogecoin remains far from key levels. In this context, traders should focus on the closing bar of yesterday’s price peak to provide insights into potential future movements. 📈 If the closing bar goes above $0.1730, a further rise toward the $0.18 mark appears likely. ⬆️ However, from a midterm perspective, sideways trading is more likely to occur, with low volume suggesting neither bulls nor bears have yet gained control. Traders may witness price consolidation within the range of $0.1650-$0.1850 in the coming days. DOGE is currently trading at $0.1702.