Can Mem Coins Rise While Other Cryptocurrencies Go Down?
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Most of the coins have started the weekend with a steady correction.
DOGE/USD
DOGE has lost more than other coins as the meme coin is down about 3% since yesterday.
DOGE is trading in a local bearish zone after the $0.1345 mark. Unless the rate is lower than this, sellers are more powerful than buyers.
On the daily chart, DOGE’s decline has been halted after an unsuccessful attempt to break above the $0.14 resistance level. If the Mem coin doesn’t drop below $0.13 and starts accumulating energy, it is likely to see a rise to the $0.15 area soon.
On the larger time frame, DOGE made a false breakout of the $0.1390 mark. If the decline continues and the bulls fail to return to the level, the downside is likely to continue over the next few days at the recently formed mirror level at $0.1251.
At press time, DOGE is trading at $0.1325.