U.Today - The market is mostly bullish; however, there are some exceptions to the rule, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has dropped by 0.86% over the last 24 hours.
On the hourly chart, the price of DOGE is trading near the local support of $0.4101. If the daily bar closes near it or below, the correction is likely to continue to the $0.40 zone soon.
On the bigger time frame, neither bulls nor bears are dominating. In this case, there are low chances to expect any sharp moves soon.
All in all, ongoing sideways trading in the zone of $0.39-$0.45 is the more likely scenario.
From the midterm point of view, the picture is quite similar. Thus, the volume keeps going down, which means none of the sides has accumulated enough strength to seize the initiative. All in all, traders may witness a consolidation in the wide area of $0.35-$0.45 for the next few weeks.
DOGE is trading at $0.4123 at press time.
This content was originally published on U.Today
