u.today
Bulls might need more time to come back to the game, according to the CoinMarketCap ranking.
DOGE/USD
DOGE is the biggest loser today, falling by 7.64%.
DOGE/USD chart byTradingView" size="1616}" src="https://cnews24.ru/uploads/109/10902ebab248d6812797f37264efa99b01907603.png">
DOGE is trading sideways on the local time frame, accumulating power for a further move against the low volume. The rate has made a false breakout of the support at $0.08113.
If the candle fixes near the $0.0833 mark, traders may expect an impulse to the $0.084 zone tomorrow.
DOGE/USD chart byTradingView" size="2557}" src="https://cnews24.ru/uploads/a83/a832a9b1594640f90ee8a5cfde0b19adb1d2f80e.png">
On the daily chart, there is a chance to see a bounce back as bears seem unlikely to drop the rate below yesterday's low at $0.07878. Likewise, a consolidation between $0.082 and $0.084 is the more likely scenario until the end of the week.
DOGE/USD chart byTradingView" size="3498}" src="https://cnews24.ru/uploads/735/7357062fe414b8221fec9fa85dfaf635c526905d.png">
From the midterm point of view, the situation is not so bearish as the rate of DOGE has made a false breakout of the support level at $0.08165. If buyers can hold the rate above that mark until the bar closure, the bounce back may continue to the $0.086 area the next week.
DOGE is trading at $0.08246 at press time.