Tue, 7/05/2024 – 15:26
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 liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bears have turned out to be more powerful than bulls, according to CoinMarketCap.
Advertisement
DOGE/USD
The rate of DOGE has fallen by 2.50% over the last 24 hours.
On the hourly chart, the price of DOGE is coming back to the local support level of $0.1532. If the situation does not change until the end of the day, there is a chance to see a breakout, followed by a move to the $0.15 area.
On the bigger time frame, the picture is also bearish. Traders should pay attention to the level of $0.1539. If buyers lose it, the drop may lead to the test of the $0.14-$0.15 range shortly.
From the midterm point of view, one should wait a few days as the situation is unclear at the beginning of the week.
However, if the drop continues to $0.15, there is a possibility to see a decline to $0.14.
DOGE is trading at $0.1560 at press time.