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Bears are back in the game, however, there are some exceptions, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has increased by 1.40% over the last 24 hours.
The price of DOGE might have set a local resistance level of $0.1020. At the moment, it is returning to the support level.
Denys SerhiichukIf buyers cannot seize the initiative by the end of the day, there is a chance of a breakout followed by a move to the $0.09 zone.
On the daily time frame, one should pay attention to the nearest level of $0.09136. If the rate returns to it, the accumulated energy may be enough for a dump to the $0.08 area. Such a scenario is relevant until the end of the week.
On the bigger chart, traders should also focus on that level. If the weekly candle closes far from it, there is a possibility of a bounce back to the important zone of $0.1 and above.
DOGE is trading at $0.0977 at press time.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin