Most cryptocurrencies are in the red.
#DOGE/USD
The price of DOGE has decreased by 1.52% since yesterday.
On the hourly chart, the price $DOGE
to decline after a false breakout of local resistance.
If the decline continues and the bar closes near support, traders may expect the bearish movement to continue towards the $0.1850 range tomorrow.
On the longer time frame, the candle is also heading towards a bearish close. If nothing changes and a breakout occurs at the level of $0.1855, the accumulated momentum may be sufficient for a deeper decline to the $0.1750-$0.18 area.
From a medium-term perspective, the price $DOGE is far from key levels. In this regard, traders should focus on the previous bar's low. If the price reaches it or holds below, a decline to the $0.17 mark is likely.
DOGE is trading at $0.1881 at the time of publication.
🇾🇪🇾🇪🇾🇪🇾🇪🇾🇪