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The market is again mostly red; however, there are some exceptions to the rule, according to CoinMarketCap.
DOGE/USD
The price of DOGE has declined by 3.15% over the last 24 hours.
On the hourly chart, the rate of DOGE has made a false breakout of the local support level of $0.1574. However, if the daily bar closes near it, there is a chance to see a more profound decline to the $0.15 zone.
On the bigger time frame, neither bulls nor bears are dominating as the price is in the middle of a wide channel. In this case, traders are unlikely to see sharp moves any time soon.
Denys SerhiichukAll in all, consolidation in the range of $0.1550-$0.1650 is the most likely scenario.
From the midterm point of view, the rate of DOGE has once again failed to fix above the resistance of $0.17. If the situation does not change by the end of the week, the correction may continue to $0.15.
DOGE is trading at $0.1599 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin