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### DOGE Price Prediction for May 11

#### Overview of DOGE/USD
The price of DOGE has declined by 4.89% over the last 24 hours.

#### Hourly Chart Analysis
On the hourly chart, the rate of DOGE might have found a local support level at $0.1433.

#### Daily Bar Closure Importance
At the moment, one should pay attention to the daily bar closure. If it happens far from this mark, there is a chance of a test of $0.1455.

#### Bigger Time Frame Analysis
On the bigger time frame, the technical picture is bearish as the rate is returning to the nearest support level of $0.1420. If a breakout happens, the decline may continue to the $0.1350-$0.14 zone soon.

#### Midterm Outlook
From the midterm point of view, the price of DOGE has once again bounced off the resistance level of $0.1690, indicating that buyers are not ready to seize the initiative yet. If the weekly candle closes around the current levels, traders may witness a test of the $0.13 area shortly.

#### Current Status
DOGE is trading at $0.1434 at press time.
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