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The market is back to the red zone at the end of the week, according to CoinStats.
DOGE/USD
The price of DOGE has dropped by 2.36% over the last 24 hours.
On the hourly chart, the rate of DOGE is in the middle of the local channel, between the support at $0.1121 and the resistance at $0.1177. As none of the sides is dominating, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the price of DOGE has made a false breakout of the yesterday's bar low at $0.1144.
If the daily bar closes far from that mark, traders may expect a local correction to the $0.12 zone.
From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the current price or below, the decline may continue to the $0.095-$0.10 range.
DOGE is trading at $0.1145 at press time.
Denys Serhiichuk
Gamza Khanzadaev
Tomiwabold Olajide
Alex Dovbnya