Bulls are weaker than bears on the first day of the week, according to CoinStats.

DOGE/USD

DOGE is one of the biggest losers today, falling by 8.18%.

On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.1515. If the daily bar closes far from it, the drop is likely to continue to the $0.13-$0.14 area tomorrow.

On the bigger time frame, the price of DOGE has bounced off the formed support of $0.1428. However, if the candle closes near it or below, there is a chance to witness a level breakout, followed by a dump to the $0.12-$0.13 zone.

From the midterm point of view, the picture is similar. Traders should pay attention to the weekly bar’s closure in terms of the $0.1411 level. 

As the volume remains low, none of the sides has accumulated enough energy for a sharp move. In this case, consolidation in the range of $0.14-$0.16 is the most likely scenario.

DOGE is trading at $0.1469 at press time.