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Sellers are coming back to the game as the rates of some coins are falling, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest losers today, falling by 3.86%.
On the hourly chart, the rate of DOGE is on its way to the local resistance of $0.2327. If growth continues, one can expect a test of the upper level by tomorrow.
On the longer time frame, the price of the meme coin has once again bounced off the support of $0.2217. The volume is low, which means there are low chances of seeing sharp moves anytime soon.
From the midterm point of view, bears remain powerful. As the rate of DOGE is far from the key level, one should focus on the bar's closure in terms of the previous candle low of $0.22.
If its breakout happens, the drop is likely to continue to the $0.20-$0.21 range.
DOGE is trading at $0.2293 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team