u.today
Sellers are coming back to the game as the rates of some coins are falling, according to CoinMarketCap.
$DOGE/USD
$DOGE is one of the biggest losers today, falling by 3.86%.
On the hourly chart, the rate of $DOGE is on its way to the local resistance of $0.2327. If growth continues, one can expect a test of the upper level by tomorrow.
On the longer time frame, the price of the meme coin has once again bounced off the support of $0.2217. The volume is low, which means there are low chances of seeing sharp moves anytime soon.
From the midterm point of view, bears remain powerful. As the rate of $DOGE is far from the key level, one should focus on the bar's closure in terms of the previous candle low of $0.22.
If its breakout happens, the drop is likely to continue to the $0.20-$0.21 range.
$DOGE is trading at $0.2293 at press time.