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Most of the coins have returned to the green zone, according to CoinStats.
DOGE/USD
The rate of DOGE has risen by 25.6% since yesterday.
Despite today’s sharp rise, the price of DOGE is looking bearish on the hourly chart. The rate is falling after a false breakout of the resistance of $0.3487.
Related
If the correction continues, traders may expect a test of the support level by tomorrow.
On the bigger time frame, the bar is about to close with a long wick, which is a bearish signal. If the situation does not change by the end of the day, one can expect a test of the $0.28-$0.30 area soon.
From the midterm point of view, traders should pay attention to the candle closure in terms of the $0.2724 level. If it happens far from it, a further decline might be postponed.
DOGE is trading at $0.3252 at press time.