Most coins are facing a bounce back on the market, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
DOGE is one of the biggest gainers today, going up by 4.14%.
Image by TradingViewDespite today’s rise, the price of DOGE is coming back to the local support level of $0.1312. If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $0.13 area.
Image by TradingViewOn the bigger time frame, the rate of the meme coin has made a false breakout of yesterday’s peak of $0.1344.
If the bar closes far from it, the correction may continue to the $0.1250 zone until the end of the week.
Image by TradingViewFrom the midterm point of view, one should focus on the weekly bar closure in terms of the level of $0.1225. If it happens near it, the accumulated energy might be enough for a further drop to $0.11.
DOGE is trading at $0.1323 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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