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The cryptocurrency market keeps falling, according to CoinStats.
DOGE/USD
The rate of DOGE has declined by 5% over the previous day.
On the hourly chart, the price of DOGE is looking bearish as it is near the local support level of $0.1322. If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to the $0.13 zone.
A similar situation can be seen on the daily time frame. If the candle closes around the current prices, one can expect an ongoing correction to the support of $0.1252. Such a scenario is relevant until the end of the week.
From the midterm point of view, the rate of DOGE is approaching the key level of $0.1260. If it breaks out, the accumulated energy might be enough for a dump to the $0.10 range.
DOGE is trading at $0.1343 at press time.
Alex Dovbnya
Arman Shirinyan
Vladislav Sopov
Dan Burgin