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Most coins from the top 10 list have returned to the green zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 0.3% over the last 24 hours.
On the hourly chart, the price of DOGE is near the local support of $0.2174. If its breakout occurs, the decline is likely to continue to the $0.21 area by tomorrow.
On the longer time frame, the picture is also bearish. The rate of the meme coin is coming back to the level formed by its false breakout.
If the daily candle fixes below $0.2161, traders may witness a test of the $0.20-$0.21 zone shortly.
From the midterm point of view, one should focus on the weekly bar closure in terms of the previous bar's low. If it happens below $0.22, there are high chances of seeing an ongoing decline to the $0.20 mark.
DOGE is trading at $0.2170 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team