There are no reversal signals on the cryptocurrency market so far, according to CoinStats.
DOGE/USD
The price of DOGE has declined by 10.46% over the last day.
On the hourly chart, the rate of DOGE is on its way back to the local support of $0.1972. If bears’ pressure continues, one can expect a test of the $0.19-$0.1950 zone soon.
On the bigger time frame, traders should pay attention to the candle’s closure in terms of the $0.20377 level.
Related
If it happens around it or below, the energy might be enough for a further decline to the support of $0.1750.
On the weekly chart, there are no reversal signals so far. If the bar closes below $0.20 and with no long wick, one can expect a test of the $0.15-$0.17 range shortly.
DOGE is trading at $0.2026 at press time.