U.Today - Sellers' pressure remains relevant, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 1.78% over the last day.
On the hourly chart, the price of DOGE is falling after a false breakout of the local resistance of $0.3327. If bears' pressure continues, one can expect a test of the support level of $0.3161 by tomorrow.
On the bigger time frame, the situation is also bearish. The daily bar is about to close far from its peak.
If nothing changes, traders may witness an ongoing decline to the support of $0.30 by the end of the week.
From the midterm point of view, it is too early to make any distant predictions. However, if the weekly bar closes near the vital zone of $0.30, the accumulated energy might be enough for a move to the next level of $0.2724.
DOGE is trading at $0.3232 at press time.
This content was originally published on U.Today
