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.
The bounce back has not lasted for long, as all of the top 10 coins are back in the red zone.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has followed the drop of other coins, going down by 7.22%.
Image by TradingView
After a sharp drop, the price of DOGE is trading within the narrow range, accumulating power for a further sharp move. If the rate closes near the local resistance at $0.06689, there is a chance to see a correction to the $0.068 zone tomorrow.
Image by TradingView
On the bigger time frame, the rate of DOGE has started to fall after a long-term accumulation. At the moment, the price is trading below the important level at $0.06689.
If buyers cannot seize the initiative and restore the rate above that mark, there is a high possibility of seeing an ongoing downward move to the $0.064 area shortly.
Image by TradingView
On the weekly chart, the rate of DOGE has almost tested the support at $0.06253. At the moment, one should pay attention to the bar closure. If it happens near that mark, one can expect a decline to the $0.06 zone by the end of the month.
DOGE is trading at $0.066 at press time.
Dan Burgin
Yuri Molchan
