Bears have turned out to be more powerful than bulls, according to CoinMarketCap.
Top coins by CoinMarketCapDOGE/USD
The rate of DOGE has fallen by 2.50% over the last 24 hours.
Image by TradingView
On the hourly chart, the price of DOGE is coming back to the local support level of $0.1532. If the situation does not change until the end of the day, there is a chance to see a breakout, followed by a move to the $0.15 area.
Image by TradingView
On the bigger time frame, the picture is also bearish. Traders should pay attention to the level of $0.1539. If buyers lose it, the drop may lead to the test of the $0.14-$0.15 range shortly.
Image by TradingView
From the midterm point of view, one should wait a few days as the situation is unclear at the beginning of the week.
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However, if the drop continues to $0.15, there is a possibility to see a decline to $0.14.
DOGE is trading at $0.1560 at press time.