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The weekend has started with a market correction, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 3.35% over the last 24 hours.
On the hourly chart, the price of DOGE is in the middle of the local channel between the support of $0.1383 and the resistance of $0.1403. As neither side is dominating, there are low chances to see sharp moves by tomorrow.
On the bigger time frame, the situation is more bearish. The rate of the meme coin is closer to the support than to the resistance.
If sellers' pressure continues, one can expect a test of the $0.1332 level by the end of the week.
From the midterm point of view, the picture is similar. If the weekly candle closes near its bar low, the accumulated energy might be enough for a further downward move to the $0.10-$0.12 range.
DOGE is trading at $0.1395 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team