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The market is facing a slight correction, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest losers today, falling by 3.63%.
Despite today's fall, the price of DOGE is looking bullish on the hourly chart. If the daily candle closes above the $0.1236 level, the rise may continue to the $0.13 zone tomorrow.
On the bigger time frame, one should focus on the bar's closure in terms of the nearest level of $0.1233.
If it happens above that mark and with no long wick, the upward move may lead to a test of the $0.1350-$0.140 area soon.
Bulls are also more powreful than bears on the weekly chart. At the moment, there are no reversal signals yet. If bears cannot seize the initiative shortly, there is a chance to see a test of $0.15 this month.
DOGE is trading at $0.1261 at press time.
Valeria Blokhina
Alex Dovbnya
