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Buyers are still unable to seize the initiative, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has dropped by 3.11% over the past day.
Despite today's fall, there are no reversal signals yet. The price of DOGE is coming back to the local support level of $0.1035.
Denys SerhiichukIf it breaks out, the correction may continue to the $0.1010-$0.1020 zone soon.
A bearish picture can also be seen on the daily time frame. If the candle closes around the current prices or below, there is a chance to see a test of the vital area of $0.10 within the next few days.
Bulls have failed to keep the growth going after the previous bullish bar closure. If the decline continues until the end of the week, traders may witness a test of the $0.09 mark.
DOGE is trading at $0.1033 at press time.
Arman Shirinyan
Alex Dovbnya