The bounce back has not lasted long, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 0.16% over the last 24 hours.
Hourly chart shows DOGE‘s price hovering beneath the $0.1926 support level. Should conditions remain unaltered by day’s end, the downward trend may persist towards the $0.1850 area come tomorrow.
In simpler terms, the chart’s outlook on a daily basis appears more pessimistic than optimistic. If the price ends up below $0.19, it could lead to a further decline towards the $0.17-$0.18 range in the coming days for traders.
Looking at the midpoint of DOGE‘s price movement, it currently sits near the center of its channel, with support at $0.17 below and resistance at $0.2288 above.
It’s unlikely that any side will take control of the situation soon, so expect the price to continue hovering around $0.19 in the coming week through sideways movement.
DOGE is trading at $0.1923 at press time.
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2024-04-12 18:29