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The majority of the coins from the top 10 list are in the red zone today, according to CoinStats.
DOGE/USD
The price of DOGE has declined by 3.33% over the last 24 hours.
On the hourly chart, the rate of DOGE is near the local support of $0.2630. If no bounce back happens by the end of the day, the fall is likely to continue to the $0.26 area.
On the bigger time frame, the picture is similar. If the daily bar closes below the $0.2586 mark, traders may witness an ongoing downward move to the $0.24-$0.25 range over the next few days.
From the midterm point of view, the price of the meme coin is going down after a false breakout of the resistance of $0.2929.
If bulls cannot seize the initiative, there is a high chance of a test of the $0.24 zone soon.
DOGE is trading at $0.2645 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team