The market growth has changed directions and is falling, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 2.67% over the last 24 hours.
On an hourly timeframe, Dogecoin‘s price is situated right in the middle of its trading channel, with the lower boundary being the supportive level at approximately $0.1685, and the upper boundary acting as a resistive level around $0.1765.
Since the majority of the daily Average True Range (ATR) has already been realized, it’s unlikely that we will see significant increases in market volatility by tomorrow.
From my perspective as a crypto investor, on a longer time horizon, things look bearish as we’re close to the support level at $0.1680. If it breaks past this point, there could be enough accumulated momentum for a potential move towards the $0.16-$0.1650 range.
Looking at the midpoint, the situation appears much the same. If purchasers fail to take control, sellers might find themselves approaching the $0.16 threshold in the near future.
DOGE is trading at $0.1712 at press time.
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2025-06-17 18:10