In the market trading of the first half of the week, the value of DOGE is experiencing a decline. This article reviews the current state and potential forecasts.
Current Situation of DOGE
Currently, the price of DOGE is $0.1469, marking a significant decline of 8.18%. On the hourly chart, DOGE is struggling to break through local resistance at $0.1515.
Price Movement Forecasts
If the daily bar closes below the level of $0.1515, the decline could continue towards $0.13-$0.14. A daily close near the support level of $0.1428 could also indicate a breakout, leading to further decline to the $0.12-$0.13 range.
Overall Market Dynamics
Trading volume remains low, indicating a lack of energy from both sides for a sharp move. It is expected that DOGE will continue to consolidate in the $0.14-$0.16 range in the coming days.
The situation in the DOGE market remains uncertain due to low trading volume. Investors should closely monitor support and resistance levels.
