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Original U.Today article
Denys Serhiichuk
How long may sideways trading of DOGE last?
Cover image via U.Today
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Most of the coins are coming back to the red zone, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 0.71% over the last 24 hours.
On the hourly chart, the price of DOGE remains under sellers' pressure.
If the daily bar closes near the local support of $0.1374, one can expect an ongoing fall to the $0.1350 range tomorrow.
On the daily time frame, bears are also more powerful than bulls. If buyers cannot seize the initiative shortly, there is a chance to see a support breakout, followed by a test of the 0.13 zone shortly.
From the midterm point of view, traders should pay attention to the weekly candle closure in terms of the $0.1470 level. If it happens far from it, one can expect a correction to the $0.1250-$0.13 area.
DOGE is trading at $0.1392 at press time.
About the author
Denys Serhiichuk
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 [email protected].
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