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Most currencies continue to set new local lows, second CoinStats.
DOGE/USD
The price of DOGE fell by 4.63% in the last 24 hours.
On the hourly chart, the rate of DOGE is rising after a false breakout of the local support at $0.1607. If the rise continues, there is a high chance of seeing a resistance test tomorrow.
On the longer term, one should focus on the closing of the daily bar at the $0.16 mark.
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If this happens below, traders can expect a continued downward movement to the $0.15 range.
From the midterm point of view, there are no signs of reversal so far. If the sellers’ pressure continues, there is a high possibility of seeing a test of the $0.1411 support soon.
DOGE is trading at $0.1666 at press time.
