Bears are not giving up so easily, according to CoinStats.
The price of DOGE has fallen by 1.57% over the past 24 hours.
On the hourly chart, one should pay attention to the local support level of $0.08045. If the price does not get above it, the correction is likely to continue to the $0.078 zone soon.
On the bigger time frame, traders should focus on the daily bar in terms of yesterday’s low. If that happens, the correction may continue to the next support area at $0.075.
Such a scenario is relevant until the end of next week.
From the midterm point of view, the rate of DOGE has made a false breakout of the resistance level at $0.08380. If the bar closes far from it, there is a high chance of a further drop to the $0.070-$0.075 range by the end of the month.
DOGE is trading at $0.08036 at press time.
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