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The bounce back has not lasted long, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has declined by 0.16% over the last 24 hours.
On the hourly chart, the price of DOGE is trading below the local support level of $0.1926. If the situation does not change by the end of the day, the fall is likely to continue to the $0.1850 zone tomorrow.
On the daily time frame, the picture is also rather more bearish than bullish. If the bar closes below $0.19, traders may expect an ongoing correction to the $0.17-$0.18 area within the next few days.
From the midterm point of view, the rate of DOGE is in the middle of the channel, between the support of $0.17 and the resistance of $0.2288.
As none of the sides has seized the initiative yet, ongoing sideways trading around $0.19 is the more likely scenario for the next week.
DOGE is trading at $0.1923 at press time.
Yuri Molchan
Tomiwabold Olajide
