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The market is mainly falling in the middle of the week, according to CoinMarketCap.
DOGE/USD
The price of DOGE has declined by 1.81% over the last 24 hours.
On the hourly chart, the rate of DOGE is breaking the local support at $0.1055. If the daily bar closes below that mark, traders may see a test of the $0.1020-$0.1030 range by tomorrow.
On the longer tieme frame, the price of DOGE is coming back to the support level at $0.1010. If its breakout happens, the accumulated energy might be enough for a more profound drop to the $0.090-$0.095 range soon.
From the midterm point of view, traders should focus on the weekly candle's closure in terms of the $0.095 level.
If the bar closes far from it, one can expect a bounce off to the $0.11-$0.12 area. Such a scenario is relevant for the rest of the month.
DOGE is trading at $0.1040 at press time.
Denys Serhiichuk
Tomiwabold Olajide
Godfrey Benjamin
Gamza Khanzadaev