The price of DOGE cryptocurrency continues to show negative trends, declining amid the overall market downturn. This article examines current levels and possible forecasts.
Current Situation with DOGE
Currently, the price of DOGE stands at $0.1645, which is a decrease of 0.84% compared to yesterday.
Support and Resistance Levels
The DOGE price is nearing local support at $0.1635. If this level is broken, further decreases to the $0.16 range are likely. A false breakout of the $0.1677 resistance has been observed, and if the daily candle closes far from this level, a decline may continue towards the $0.1550-$0.16 zone.
Long-Term Forecasts for DOGE
From a mid-term perspective, the DOGE price is rising after a bounce back from the support of $0.1411. However, the chances for a sharp increase are low, with sideways trading in the range of $0.16-$0.18 being the most likely scenario.
Based on current data, DOGE is under pressure, and the nearest support and resistance levels will define the price's further dynamics.
