Many coins failed to sustain the growth they experienced the previous day, but there are a few that bucked the trend based on CoinMarketCap’s data.
DOGE/USD
DOGE is one of the biggest losers today, falling by 4.60%.
Every hour on the chart, DOGE‘s price seems to be signaling a downturn as it approaches its nearby support of $0.1928. Should it fall below this point, a further decline towards $0.19 could ensue.
In simpler terms, the daily chart shows that bulls failed to sustain their upward momentum following the bullish close on the previous day. At present, no clear signs of reversal have emerged, increasing the likelihood of a revisit to the $0.18-$0.19 price range in the near future.
Looking ahead to the mid-term perspective, the DOGE price has dropped following an unsuccessful effort to surpass the $0.20 mark.
If the current circumstances don’t improve by next week’s end, traders could encounter a challenge to the $0.17 support mark around mid-April.
DOGE is trading at $0.1924 at press time.
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2024-04-09 17:57