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The prices of most of the coins are going up today, according to CoinStats.
DOGE/USD
DOGE is the exception to the rule, as its rate has fallen by 3.29%.
On the hourly chart, the price of DOGE is near the local support of $0.2362. If a bounce back does not happen by the end of the day, there is a high chance to see a level breakout, followed by a further correction to the $0.23 zone.
On the longer time frame, buyers have failed to keep the rise going after yesterday's bullish closure.
If the situation does not change by the end of the day, the correction is likely to continue to the $0.21-$0.2150 area.
From the midterm point of view, the rate of DOGE is far from key levels. Thus, the volume has declined, which means neither bulls nor bears have enough energy to seize the initiative. In this regard, consolidation in the range of $0.21-$0.24 is the most likely scenario.
DOGE is trading at $0.2240 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team