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Bears have seized the lead in the market, according to CoinMarketCap.
Doji/USD
DOGE is one of the biggest losers today, down nearly 12% since yesterday.
On the hourly chart, DOGE price made a false break of the local support at $0.3404.
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If the daily bar closes far from that mark, one can expect to test the resistance level at $0.3547 by tomorrow.
On the larger time frame, one should pay attention to the temporary zone at $0.3359. If a breakout occurs, the accumulated energy could be enough to move to the $0.32 area soon.
From a mid-term perspective, buyers failed to sustain its growth after the close of the previous bullish candle. If the situation does not change by the end of the day, we will likely see a test of the $0.30 range soon.
DOGE is trading at $0.3481 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views 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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