The market is again mostly red; however, there are some exceptions to the rule, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
The price of DOGE has declined by 3.15% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of DOGE has made a false breakout of the local support level of $0.1574. However, if the daily bar closes near it, there is a chance to see a more profound decline to the $0.15 zone.
Image by TradingViewOn the bigger time frame, neither bulls nor bears are dominating as the price is in the middle of a wide channel. In this case, traders are unlikely to see sharp moves any time soon.
All in all, consolidation in the range of $0.1550-$0.1650 is the most likely scenario.
Image by TradingViewFrom the midterm point of view, the rate of DOGE has once again failed to fix above the resistance of $0.17. If the situation does not change by the end of the week, the correction may continue to $0.15.
DOGE is trading at $0.1599 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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