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Most of the coins are facing a correction today, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 2.32% over the last 24 hours.
On the hourly chart, the price of DOGE is going down after a breakout of the local support level of $0.1404. If the daily bar closes below that mark, the decline is likely to continue to the $0.1350 range.
On the daily time frame, traders should pay attention to the bar’s closure in terms of the support of $0.1372. If the candle closes near it or below, the accumulated energy might be enough for a test of the $0.13-$0.1350 zone soon.
From the midterm point of view, the rate of DOGE has made a false breakout of the previous candle high of $0.1437.
Related
If the weekly bar closes far from that mark, one can expect a correction to the $0.13 area by the end of the month.
DOGE is trading at $0.1403 at press time.
