According to CoinMarketCap, market growth trends have shifted and are in decline.
The price of $DOGE has decreased.
by 2.67% over the past 24 hours.
On the hourly chart, the price of $DOGE is in the middle of the channel, between the support level of $0.1685 and the resistance level of $0.1765.
Given that most daily average ranges have been surpassed, the chances of increased volatility are slim by tomorrow.
In the longer term, the situation appears bearish given its proximity to the support level of $0.1680. If breached, the accumulated energy may be enough to move towards the $0.16-$0.1650 area.
From a mid-term perspective, the situation is similar. If buyers cannot seize the opportunity, traders may witness a test of the $0.16 level soon.
The stock of $DOGE is trading at $0.1712 at the time of publication.