u.today
Sellers keep controlling the initiative on the last day of the week, according to CoinMarketCap.
$DOGE/USD
The price of $DOGE has fallen by 1.63% over the last day.
On the hourly chart, the rate of $DOGE is returning to the local support of $0.2258. If a breakout happens, the decline is likely to continue to the $0.2250 zone by tomorrow.
On the bigger time frame, the situation is similar.
The rate of $DOGE is closer to the support than to the resistance level. If buyers cannot seize the initiative, traders may witness a breakout, followed by an ongoing drop to the $0.21-$0.2150 range.
From the midterm point of view, the price of the meme coin keeps going down after a false breakout of the resistance of $0.2929. If the weekly bar closes with a short wick, there is a high chance of a test of the $0.20 zone soon.
$DOGE is trading at $0.2261 at press time.