Today, bearish trends continue to dominate the DOGE market. The price of the cryptocurrency has dropped by 5.55% in the last 24 hours.
Current Situation in the DOGE Market
On the hourly chart, the DOGE rate is heading towards local support at $0.1884. If a breakout occurs, the correction is likely to continue towards the $0.18 area. On the daily chart, the price of the meme coin is still declining after a false breakout of the $0.2067 resistance.
Short-Term Forecast
If bulls cannot regain initiative soon, a test of the $0.18-$0.1850 zone can be expected shortly. From a mid-term perspective, the situation is similar. If the weekly close is far from the $0.2067 level, there is a chance to see an ongoing decline to the $0.18 mark by the end of the month.
Long-Term Price Trend of DOGE
At the time of publication, DOGE is trading at $0.19. Current prices indicate the potential for continued bearish trends unless significant changes occur in the coming days.
Current trends suggest a possible further decline in DOGE prices. Investors are awaiting how the situation will unfold in the coming days and whether bulls will regain control of the market.
