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Bears are becoming more powerful; however, there are some exceptions to the rule.
DOGE/USD
DOGE has joined the list of falling coins, going down by 0.62%.
On the hourly chart, the price of DOGE is near the local resistance level. However, if sellers seize the initiative and the daily candle closes below $0.092, one can expect a test of $0.09020 tomorrow.
A less clear picture can be seen on the daily time frame. Today's slight move has not affected the overal technical situation on the chart.
In this case, ongoing sideways trading in the area of $0.09-$0.096 is the more likely scenario until the end of the week.
A similar picture can be seen on the weekly chart. As none of the sides has seized the initiative, traders should expect a consolidation around $0.09.
DOGE is trading at $0.09255 at press time.
Yuri Molchan
Vladislav Sopov
Gamza Khanzadaev
