How long can the fall of DOGE last? kawaii_crypto JRossNicoll ummjackson coinok CryptoBaeTrader
On the hourly chart, the price of DOGE is trading in the middle of the local channel, between the support at $0.07015 and the resistance at $0.07275. Currently, one should pay attention to the closure. If it happens below the $0.0715 mark, there is a high probability of seeing an ongoing correction to the $0.07 zone shortly.
On the bigger time frame, the situation is not so bearish as the rate is far from the support. On the other hand, DOGE has not accumulated enough power for a bounce back yet. In this case, sideways trading in the narrow range of $0.07-$0.073 is the more likely scenario for the next week.From the midterm point of view, bears remain more powerful than bulls as the price is on its way to testing the support level again.
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