u.today
The market's growth has been replaced with a correction, according to CoinMarketCap.
$DOGE/USD
The rate of $DOGE has declined by 3.11% over the last 24 hours.
On the hourly chart, the price of $DOGE has made a false breakout of the local support at $0.1469. However, if a bounce back does not happen until the end of the day, traders may witness a test of the $0.14 zone soon.
On the bigger time frame, one should pay attention to the candle closure in terms of the nearest resistance at $0.1555.
If it happens far from that mark, bears may be back in the game, which may lead to a correction to the $0.1350-$0.14 zone.
From the midterm point of view, it is too early to make any far predictions as a few days are left until the weekly bar closure. As the rate of $DOGE is far from the key support and resistance levels, one should focus on the previous candle peak. If the price closes far from it, there is a chance to see a test of the $0.13 area.
$DOGE is trading at $0.1462 at press time.