The situation on the market has not changed much as the rates of most of the coins keep falling, according to CoinMarketCap.
DOGE/USD
The price of DOGE has dropped by 1.05% over the last 24 hours.
On the hourly chart, the rate of DOGE is rather more bullish than bearish as it is near the local resistance level of $0.1489. If it breaks out, the growth may continue to the $0.15 zone tomorrow.
The price of DOGE has not kept falling after yesterday’s bearish closure. However, it is too early to think about a fast reversal as the meme coin has not accumulated enough energy yet.
In this case, sideways trading in the zone of $0.145-$0.15 is the more likely scenario until the end of the week.
On the bigger time frame, the picture is more bearish. If the weeky bar closes around current prices, bears may seize the initiative in the midterm, which can lead to a more profound drop to the $0.12-$0.13 range.
DOGE is trading at $0.1480 at press time.