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The situation has not changed much as most coins remain in the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 0.60% since yesterday. Over the last week, the price has fallen by 16.35%.
On the hourly chart, the price of DOGE is near the formed resistance of $0.1995. If bulls can hold the gained initiative until the end of the day, the growth may continue to the $0.2050 mark.
On the bigger time frame, the rate of the meme coin has bounced off the support of $0.1884.
However, it is too early to think about a fast reversal as not enough energy has been accumulated yet. In this case, sideways trading in the area of $0.1950-$0.2050 is the more likely scenario.
From the midterm point of view, the situation is less bullish. If the weekly bar closes with no long wick, the correction is likely to continue to the $0.18 area.
DOGE is trading at $0.1976 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team