Bears have come back as the prices of most of the coins are falling, according to CoinStats.
DOGE chart by CoinStats
DOGE/USD
The rate of DOGE has declined by 2.80% since yesterday.
Image by TradingViewOn the hourly chart, the price of DOGE is bearish as the rate is about to break the local support of $0.1495. If that happens, the fall may lead to the test of the $0.14 zone shortly.
Image by TradingViewOn the bigger time frame, the rate is far from key levels. In this case, one should pay attention to the daily bar’s closure in terms of yesterday’s low at $0.15.
If it happens below that mark, the decline may continue to the $0.135-$0.14 range.
Image by TradingViewFrom the midterm point of view, the price is falling after a failed attempt to fix above the interim level of $0.16. If the decline continues, traders may expect a test of the support level of $0.1260 until the end of the month.
DOGE is trading at $0.1504 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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