U.Today - The end of the week is bearish for most of the coins, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 7.67% since yesterday. Over the last week, the price has fallen by 15.11%.
On the hourly chart, the price of DOGE is closer to the support than to the resistance level. However, most of the daily ATR has been passed, which means sharp moves are unlikely to happen by tomorrow.
On the bigger time frame, there are also no reversal signals yet. If the daily candle closes near its low, the drop is likely to continue to the nearest support of $0.2724 soon.
From the midterm point of view, the picture is similar.
If the weekly bar closes around the current prices, traders may witness a test of the support level by mid-February.
DOGE is trading at $0.2959 at press time.
This content was originally published on U.Today
