Most of the coins are facing a correction at the beginning of the weekend, according to CoinMarketCap.
Top coins by CoinMarketCap
DOGE/USD
DOGE has lost a lot of value today, falling by 3.68%.
Image by TradingView
On the hourly chart, the price of DOGE is in the middle of the local channel. As neither side is dominating, any sharp moves are unlikely to happen soon.
Image by TradingView
On the bigger time frame, the situation is similar.
You Might Also Like
The rate of the meme coin is far from the key levels, which means ongoing sideways trading is the more likely scenario over the next few days.
Image by TradingView
From the midterm point of view, the picture remains neutral. The volume is low, confirming the absence of buyers’ and sellers’ energy. In this case, traders may expect a consolidation in the range of $0.21-$0.24 the upcoming week.
DOGE is trading at $0.2278 at press time.
