The market is again mostly red; however, there are some exceptions to the rule, according to CoinMarketCap.

Top coins by CoinMarketCapDOGE/USD

The price of DOGE has declined by 3.15% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of DOGE has made a false breakout of the local support level of $0.1574. However, if the daily bar closes near it, there is a chance to see a more profound decline to the $0.15 zone.

Image by TradingView

On the bigger time frame, neither bulls nor bears are dominating as the price is in the middle of a wide channel. In this case, traders are unlikely to see sharp moves any time soon.

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All in all, consolidation in the range of $0.1550-$0.1650 is the most likely scenario.

Image by TradingView

From the midterm point of view, the rate of DOGE has once again failed to fix above the resistance of $0.17. If the situation does not change by the end of the week, the correction may continue to $0.15.

DOGE is trading at $0.1599 at press time.