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A correction has started on the cryptocurrency market, according to CoinMarketCap.
The rate of DOGE has declined by almost 5% over the last 24 hours.
On the hourly chart, the price of DOGE is in the middle of the local channel, between the support of $0.08234 and the resistance of $0.08470. As most of the daily ATR has been passed, there are low chances to see any sharp moves today.
On the bigger time frame, the situation is more bearish. At the moment, one should pay attention to the candle's closure in terms of yesterday's bar's low. If it happens near it or even below, the correction may continue to the $0.080 area.
On the weekly chart, the rate of DOGE has made a false breakout of the resistance of $0.09058. If the bar closes around the current prices, there is a chance to see a test of the $0.078-$0.080 zone by the end of the month.
DOGE is trading at $0.08316 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
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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