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Bulls have failed to maintain growth, and most of the coins have returned to the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 0.19% over the last day.
On the hourly chart, the price of DOGE is rising after setting a local support of $0.2141. If buyers' pressure continues, one can expect a test of the $0.22 mark by tomorrow.
On the bigger time frame, the picture is less bullish. The rate of the meme coin has failed to maintain the upward move after yesterday's bullish closure.
In this case, traders may witness a correction to the $0.21 zone by the end of the week.
From the midterm point of view, the situation is neither bullish nor bearish. The rate of DOGE is far from the key levels, which means any sharp moves are unlikely to happen soon.
DOGE is trading at $0.2161 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team