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The market has changed to red on the last day of the week, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 2.27% since yesterday. Over the last week, the price has risen by 20%.
On the hourly chart, the price of DOGE is near the local support after a false breakout of the resistance of $0.1998.
If the situation does not change by the end of the day, one can expect an ongoing correction, followed by a dump to the $0.1950 mark.
On the bigger time frame, one should focus on the daily bar closure in terms of the nearest level of $0.20672. If a breakout happens, the accumulated energy might be enough for a move to the $0.21-$0.22 range.
From the midterm point of view, the rate of DOGE is testing the $0.20 level again. If the weekly bar closes above it and with no long wick, the growth is likely to continue to the $0.22 mark.
DOGE is trading at $0.20 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team