Original U.Today Article
Does the DOGE drop end soon?
According to a report, the price of many coins is falling and the bears are back. CoinStats.
DOGE/USD
Since yesterday, the rate of DOGE is down 2.80%.
The hourly chart shows that the DOGE price is in a downward trend as it is close to breaking the $0.1495 local support. The fall could lead to a test in the near future of the $0.14 area.
The rate has fallen far below the key level on a longer timeframe. The daily closing bar should be compared to yesterday’s $0.15 low.
The decline could continue down to $0.135-$0.14 if it falls below this mark.
Mid-term, it appears that the price has fallen after an unsuccessful attempt to move above the $0.16 interim level. If the price declines, traders can expect to see the $0.1260 support level tested until the end the month.
DOGE was trading at $0.1504 as of press time.
Author
Denys is a veteran trader with more than five years experience. He has an in-depth understanding of technical as well as fundamental analysis. He has a blog at TradingView, where he publishes relevant information about the top coins and gives predictions.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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