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The market has fast changed to red, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has gone down by 5.72% over the last 24 hours.
On the hourly chart, the price of DOGE is going down after breaking the $0.19 zone. If the daily candle closes below that mark, the correction is likely to continue to the $0.1850 area.
On the longer time frame, the rate of the meme coin is falling after a false breakout of the resistance of $0.20.
If bulls cannot seize the initiative and the bar closes around the current prices, there is a chance to witness a test of the $0.18 zone by the end of the week.
From the midterm point of view, the price of DOGE has bounced off the resistance of $0.2005. Until the rate is below that mark, a correction is the most likely scenario.
DOGE is trading at $0.1875 at press time.
U.Today Editorial Team
Vladislav Sopov