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Most of the coins keep setting new local lows, according to CoinMarketCap.
DOGE/USD
The price of DOGE has declined by 11.33% over the last 24 hours.
On the hourly chart, the rate of DOGE has made a false breakout of the local support of $0.1344. If the daily bar closes far from that mark, one can expect a test of the resistance over the weekend.
On the longer time frame, sellers are controlling the situation on the market. Until the price is below the $0.1471 level, the ongoing drop remains the most likely scenario.
In this case, one can expect a test of the $0.13 zone soon.
From the midterm point of view, the situation is similar. If bulls lose the interim zone of $0.15, the accumulated energy might be enough for a more profound drop to the $0.10 area.
DOGE is trading at $0.1406 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team