Laodao Core Recommendation, Today's DOGE Price Prediction đ„đ„đ„
DOGE's exchange rate has fallen by 4.65% in the past day. Image from TradingView
On the hourly chart, DOGE's price is bearish as it approaches the local support level of $0.1625.
If the situation does not change by the end of the day, a breakout can be expected and then a move into the $0.16 area.
A similar situation can be seen on a larger timeframe. If the bar closes near or below the medium-term support level of $0.1627, the decline may continue to $0.1550.
From a medium-term perspective, the weekly chart is currently bearish. However, it is too early to make any forward predictions now, as there are only a few days left before the candlestick closes.
But if the bulls break below the $0.16 mark, the decline may soon lead to a test of the $0.15 range.
At press time, DOGE is trading at $0.1629.
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