According to CoinStats, there are more cryptocurrencies in the red today compared to yesterday.
#DOGEUSDT
The price of $DOGE has decreased.
by 0.84% over the past day.
On the hourly chart, the price $DOGE is approaching the local support level at $0.1635. If it is breached, the decline is likely to continue to the range of $0.16. This scenario is valid until tomorrow.
On the larger time frame, the price of the cryptocurrency has made a false break of the resistance level formed at $0.1677.
If the daily candle closes away from that mark with a long wick, the decline may continue to the area of $0.1550-$0.16.
From a medium-term perspective, the price $DOGE rises after a bounce from the support level at $0.1411. However, there are slim chances of seeing a sharp rise as sufficient energy has not been accumulated yet. In this case, sideways trading in the range of $0.16-$0.18 is the most likely scenario.
#DOGE is trading at $0.1645 at the time of publication.