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Most of the coins are again in the red zone today, according to CoinStats.
DOGE/USD
DOGE has lost a lot of value today, falling by 3.57%.
On the hourly chart, the rate of DOGE has made a false breakout of the local resistance of $0.1642. If the daily bar closes far from that mark, there is a possibility of a test of the support by tomorrow.
On the bigger time frame, one should focus on the candle closure in terms of the mirror level of $0.1639.
If the price of the meme coin fails to break it and fix above, traders may witness an ongoing decline to the $0.16 zone.
From the midterm point of view, the rate of DOGE is breaking the support of $0.1667. If bears can hold the gained initiative, there are high chances of an ongoing drop the upcoming week.
DOGE is trading at $0.1636 at press time.
U.Today Editorial Team
Vladislav Sopov