Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov