There are more cryptocurrencies in the red today compared to yesterday.
DOGE/USD
The price of $DOGE has decreased.
by 0.84% during the last day.
On the hourly chart, the price of $DOGE is approaching the local support level at $0.1635. If it breaks through, the decline is likely to continue to the range of $0.16. This scenario continues until tomorrow.
On the larger time frame, the price of the meme coin made a false breakout at the resistance level formed at $0.1677.
If the daily bar closes away from this level, with a long wick, the decline may continue to the area of $0.1550-$0.16.
From a mid-term perspective, the price of Doge is rising after bouncing off the support level of $0.1411. However, the chances of a sharp rise are slim due to insufficient energy accumulation so far. In this case, sideways trading in the range of $0.16-$0.18 is the most likely scenario.
#DOGE is trading at $0.1645 at the time of publication.
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