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Most of the coins are facing a correction again, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, falling by 3.22% over the last day.
On the hourly chart, the rate of DOGE is going down after a false breakout of the local resistance at $0.2324. If the drop continues, one can expect a test of the support tomorrow.
On the hourly chart, the price of DOGE is testing the mirror level of $0.2223.
If its breakout occurs, the correction is likely to continue to the $0.21-$0.2150 range shortly.
From the midterm point of view, bulls have failed to keep growth rising after the previous bullish closure. In this case, there is a high chance of seeing a test of the nearest level of $0.2067 by the end of the week.
DOGE is trading at $0.2243 at press time.
Vladislav Sopov
U.Today Editorial Team