Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
There is no clear trend on the cryptocurrency market, according to CoinMarketCap's ranking.
Top coins by CoinMarketCap
DOGE/USD
The price of DOGE has almost not changed since yesterday. Over the last week, the price has fallen by 4%.
Image by TradingView
Despite the fall, the rate of DOGE is approaching the local resistance level at $0.06562. If the daily bar closes around it, traders can expect a price blast to the $0.0665 zone tomorrow.
Image by TradingView
On the bigger time frame, the rate of DOGE has not decided which way to go yet as the price keeps trading sideways. In this regard, ongoing consolidation in the area of $0.065 is the more likely scenario for next week.
Image by TradingView
On the weekly chart, the rate of DOGE has once again bounced back from the resistance at $0.07269, which confirms the buyers' weakness.
Denys SerhiichukRespectively, a further decline to the support level is the more likely scenario for the next weeks.
DOGE is trading at $0.06536 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin