The rates of most of the coins keep going down on the first day of the weekend, according to CoinStats.
DOGE/USD
The price of DOGE has fallen by 3.86% since yesterday.
On the hourly chart, the rate of DOGE keeps looking bearish. If a bounce back does not happen by the end of the day, one can expect a support level breakout, followed by a further decline to the $0.16 area.
On the bigger time frame, the price of the meme coin is going down after yesterday’s bearish closure.
Related
If buyers cannot seize the initiative soon, there is a possibility of a test of the $0.15-$0.16 zone soon.
From the midterm point of view, the weekly bar is about to close bearish. If it happens around the current prices, traders may witness a decline to the $0.14 mark.
DOGE is trading at $0.1709 at press time.
