Is the current drop the correction before a further rise? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency
On the daily chart, bulls are fighting to keep the rate above the $30,000 mark. From the mid-term point of view, the price is located in the middle of the channel, which means that there are high chances to see the main coin trading sideways soon. However, if the daily candle fixes belowBitcoin is trading at $30,002 at press time.DOGE is still facing trouble as the rate remains below the $0.08 mark.
Thus, the price is located closer to the support than to the resistance. If the selling volume increases, one can expect a decline to the $0.075 zone by the end of the month.SHIB has already lost its $0.000011 level, which means that bears keep controlling the situation on the market. Even though the selling volume remains low, bulls cannot seize the initiative. In this regard, one can expect the return to the $0.000010 mark within the next few days.
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