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Buyers could not seize the initiative on the last day of the week, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has gone down by 5.04% since yesterday. Over the last week, the price has fallen by 17.93%.
On the hourly chart, the price of DOGE keeps looking bearish. If nothing changes by the end of the day, traders may witness a test of the $0.1050 zone by tomorrow.
A bearish situation is also on the daily time frame. If the candle closes below the $0.1047 level, the accumulated energy might be enough for a further drop to the vital area of $0.10.
Denys SerhiichukSuch a scenario is relevant until the end of next week.
From the midterm point of view, there are no reversal signals yet. If a bounce back does not happen, there is a high chance of an ongoing decline to the $0.09-$0.10 range.
DOGE is trading at $0.1059 at press time.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin