Bears have turned out to be more powerful than bulls, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has fallen by 2.50% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of DOGE is coming back to the local support level of $0.1532. If the situation does not change until the end of the day, there is a chance to see a breakout, followed by a move to the $0.15 area.
Image by TradingViewOn the bigger time frame, the picture is also bearish. Traders should pay attention to the level of $0.1539. If buyers lose it, the drop may lead to the test of the $0.14-$0.15 range shortly.
Image by TradingViewFrom the midterm point of view, one should wait a few days as the situation is unclear at the beginning of the week.
However, if the drop continues to $0.15, there is a possibility to see a decline to $0.14.
DOGE is trading at $0.1560 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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