$DOGE The week started with a downward trend for most cryptocurrencies, according to Coin,,Market,,Cap.
DOGE/USD
The price of $DOGE has decreased.
An increase of 1.78% over the past 24 hours.
On the hourly chart, the price of DOGE is located in the middle of the narrow channel between the support level of $0.1627 and the resistance level of $0.1649.
If selling pressure continues, traders may see a test of the $0.1620 area tomorrow.
On the larger timeframe, the meme coin's price declines after a false breakout of the resistance level of $0.1726. If the bulls cannot take the initiative, a further decline to the support level of $0.15 is likely to occur soon.
From a medium-term perspective, neither side is dominant, as the price remains far from support and resistance levels. If the situation does not change by the end of the week, sideways trading in the range of $0.16-$0.18 is the most likely scenario.
The stock $DOGE is trading at $0.16268 at the time of publication.
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