The cryptocurrency market shows no signs of reversal. Let's see how this has affected DOGE.
Current Market Situation
According to CoinStats, there are no reversal signals on the crypto market so far. Currently, the price of DOGE has declined by 10.46% over the last day. DOGE is trading at $0.2026 at press time.
Hourly Chart Analysis
On the hourly chart, the rate of DOGE is on its way back to the local support of $0.1972. If bears' pressure continues, one can expect a test of the $0.19-$0.1950 zone soon.
Long-Term Predictions
On the bigger time frame, traders should pay attention to the candle's closure in terms of the $0.20377 level. If it happens around it or below, the energy might be enough for a further decline to the support of $0.1750. On the weekly chart, there are no reversal signals so far, indicating a potential test of the $0.15-$0.17 range shortly.
The cryptocurrency market remains under pressure, and the absence of reversals suggests potential further price declines.
