Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Most of the cryptocurrencies are in the red zone, according to CoinStats.
DOGE/USD
The price of DOGE has fallen by 1.52% since yesterday.
On the hourly chart, the rate of DOGE is going down after a false breakout of the local resistance.
If the drop continues and the bar closes near the support, traders may expect an ongoing downward move to the $0.1850 range tomorrow.
On the longer time frame, the candle is also about to close bearish. If nothing changes and the breakout of the $0.1855 level happens, the accumulated energy might be enough for more profound decline to the $0.1750-$0.18 zone.
From the midterm point of view, the rate of DOGE is far from key levels. In this regard, traders should focus on the previous bar's low. If the price reaches it or fixes below, the drop is likely to continue to the $0.17 mark.
DOGE is trading at $0.1881 at press time.
Vladislav Sopov
U.Today Editorial Team