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The weekend has started bearish for most of the coins from the top 10 list, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 4.36% over the last 24 hours.
Despite today’s fall, the price of DOGE keeps looking bearish. If the daily bar closes near the local level of $0.1555, the drop is likely to continue to the $0.15 range soon.
Sellers are also more powerful than buyers on the bigger time frame. If a breakout of the support of $0.1564 happens, the accumulated energy might be enough for a test of the $0.1450-$0.15 area within the next few days.
From the midterm point of view, one should pay attention to the weekly bar closure in terms of the $0.1750 level.
Related
If it happens far from it, one can expect a correction to the $0.14-$0.15 zone.
DOGE is trading at $0.1567 at press time.