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Most coins continue setting new local lows, according to CoinStats.
DOGE/USD
The price of DOGE has fallen by 4.63% over the last 24 hours.
On the hourly chart, the rate of DOGE is rising after a false breakout of the local support of $0.1607. If growth continues, there is a high chance of seeing a test of the resistance by tomorrow.
On the longer time frame, one should focus on the daily bar's closure in terms of the $0.16 mark.
If it happens below it, traders may expect an ongoing downward move to the $0.15 range.
From the midterm point of view, there are no reversal signals so far. If sellers' pressure continues, there is a high possibility of seeing a test of the $0.1411 support soon.
DOGE is trading at $0.1666 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team