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The new year started with sustained downward pressure, according to CoinMarketCap.
Doji/USD
DOGE is down 1.04% in the past 24 hours.
On the hourly chart, DOGE price may find a local support level at $0.3119. If the pressure from the bulls continues, one can expect a test of the resistance by tomorrow.
On the larger time frame, neither party has yet seized the initiative. The meme coin rate is far from key levels. Such a statement is also confirmed by the decrease in volume.
Related to
In this case, a sharp rise or fall is unlikely to occur.
From a mid-term point of view, the situation is quite similar. DOGE price has not gathered enough energy to grow or decline.
DOGE is trading at $0.3175 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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