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.
The first day of the weekend has turned out to be bearish for most of the coins.
DOGE/USD
DOGE has lost the most value today, falling by 5.66%.
Despite the sharp decline, the price of DOGE is approaching the local resistance at $0.07936.
Denys SerhiichukIf buyers can hold the gained initiative, there is a chance to see a breakout followed by a further rise to the $0.080 area and above.
On the daily time frame, there are no signals for a reversal yet. At the moment, traders should focus on the $0.08 zone. If bulls cannot restore the price above it shortly, the fall may continue to the support at $0.06393.
On the weekly chart, the price of DOGE has continued to drop after the false breakout of the resistance at $0.0998. However, the rate is far from the key levels, which means that sideways trading in the wide range of $0.07-$0.09 is the more likely scenario until mid-May.
DOGE is trading at $0.07929 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin