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The prices of most of the coins are back to the red zone, according to CoinStats.
DOGE/USD
The rate of DOGE has declined by 2.74% since yesterday.
On the hourly chart, the price of DOGE is rising after a false breakout of the local support of $0.2124. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the longer time frame, the situation is neutral, as the rate of DOGE is far from key levels.
If the bar closes around the current prices, sideways trading in the range of $0.21-$0.23 is the most likely scenario.
From the midterm point of view, the price of the meme coin is in the middle of the channel, between the support of $0.1884 and the resistance of $0.2485. As none of the sides is dominating, traders are unlikely to witness increased volatility.
DOGE is trading at $0.2173 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team