DOGE Price Analysis for January 30

The market is back to the red zone at the end of the week, according to CoinStats.

DOGE chart by CoinStats

DOGE/USD

The price of DOGE has dropped by 2.36% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of DOGE is in the middle of the local channel, between the support at $0.1121 and the resistance at $0.1177. As none of the sides is dominating, there are low chances of seeing sharp moves by tomorrow.

Image by TradingView

On the longer time frame, the price of DOGE has made a false breakout of the yesterday’s bar low at $0.1144. 

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If the daily bar closes far from that mark, traders may expect a local correction to the $0.12 zone.

Image by TradingView

From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the current price or below, the decline may continue to the $0.095-$0.10 range.

DOGE is trading at $0.1145 at press time.

Source: https://u.today/doge-price-analysis-for-january-30