Most coins from the top 10 list have returned to the green zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has risen by 0.3% over the last 24 hours.
On the hourly chart, the price of DOGE is near the local support of $0.2174. If its breakout occurs, the decline is likely to continue to the $0.21 area by tomorrow.
On the longer time frame, the picture is also bearish. The rate of the meme coin is coming back to the level formed by its false breakout.
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If the daily candle fixes below $0.2161, traders may witness a test of the $0.20-$0.21 zone shortly.
From the midterm point of view, one should focus on the weekly bar closure in terms of the previous bar’s low. If it happens below $0.22, there are high chances of seeing an ongoing decline to the $0.20 mark.
DOGE is trading at $0.2170 at press time.
