DOGE Price Prediction for October 27
According to CoinStats, most coins have experienced a return to the green zone on the last day of the week. In the case of DOGE/USD, the price has risen by 3.74% since yesterday and 0.27% over the last week.
Examining the hourly chart, traders should focus on the bar closure in relation to the resistance level at $0.1387. If the candle closes away from this level and without a long wick, it is possible for the growth to continue towards the $0.1420 mark.
However, when considering the bigger time frame, the rate of DOGE is significantly apart from the main levels. If the daily bar closes around $0.14, it may lead to an upward movement that tests the resistance at $0.1470 in the near future.
From a midterm perspective, neither bulls nor bears are currently dominating the market. Therefore, any significant price movements are unlikely to occur in the immediate future. The more probable scenario is sideways trading within the range of $0.1350 to $0.15.
At the time of writing, DOGE is trading at $0.1397.