The Shocking Truth About DOGE: Is It Going to the Dogs?

Sellers’ pressure remains relevant, according to CoinMarketCap. 📉

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DOGE/USD

In the latest plot twist, the rate of DOGE has declined by 1.78% over the last day. Apparently, DOGE and the stock market have something in common – they both like to make us cry. 😢

DOGE Price Chart

On the hourly chart, the price of DOGE is falling faster than my hopes for fitting into my New Year’s resolutions after a false breakout of the local resistance of $0.3327. If bears’ pressure continues (and let’s face it, they probably will), one can expect a test of the support level of $0.3161 by tomorrow. 🐻

DOGE Chart Hourly

On the bigger time frame, the situation is also bearish. The daily bar is about to close far from its peak. In other words, things aren’t looking up. 📉

If nothing changes, traders may witness an ongoing decline to the support of $0.30 by the end of the week. So go ahead, start the countdown to your inevitable disappointment. 🕰️

DOGE Chart Daily

From the midterm point of view, it is too early to make any distant predictions. However, if the weekly bar closes near the vital zone of $0.30, the accumulated energy might be enough for a move to the next level of $0.2724. So, fingers crossed, everyone! 🤞

As of now, DOGE is trading at $0.3232.

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2025-01-29 18:47