U.Today - Some coins remain in the green zone, while the prices of others are falling at the end of the week, according to CoinStats.
DOGE/USD
The rate of DOGE has risen by 0.33% since yesterday. Over the last week, the price has fallen by 10%.
Despite today’s slight rise, the price of DOGE is looking bearish on the hourly chart. If a breakout of the local support of $0.2435 happens, the drop is likely to continue to the $0.24 area by tomorrow.
On the bigger time frame, one should focus on the interim zone of $0.24. If the daily bar closes below that mark, traders may witness a test of the $0.22-$0.23 range soon.
From the midterm point of view, there are also no reversal signals yet.
If the weekly bar closes near the support of $0.22, the accumulated energy might be enough for a test of the vital zone of $0.20 by the end of the month.
DOGE is trading at $0.2437 at press time.
This content was originally published on U.Today
