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The bounce back has not lasted long, according to CoinStats.
The price of DOGE has declined by 3.13% since yesterday.
On the hourly chart, the rate of DOGE has made a false brekaout of the local support of $0.1685. However, the price is far from the resistance.
As most of the daliy ATR has been passed, sideways trading in the area of $0.17-$0.175 is the more likely scenario until tomorrow.
On the daily time frame, the situation is similar as the rate is near the support of $0.17. If nothing changes by the end of the day, the accumulated energy might be enough for a breakout, followed by a move to the $0.16 area.
A bearish picture can be seen on the weekly chart. If the bar closes below the previous candle low, the drop is likely to continue to $0.15. Such a scenario is relevant until mid-April.
DOGE is trading at $0.1746 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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