DOGE Price Prediction for April 16

Price Analysis
Tue, 04/16/2024 - 15:47
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Bears have come back as the prices of most of the coins are falling, according to CoinStats.

DOGE chart by CoinStats


The rate of DOGE has declined by 2.80% since yesterday.

Image by TradingView

On the hourly chart, the price of DOGE is bearish as the rate is about to break the local support of $0.1495. If that happens, the fall may lead to the test of the $0.14 zone shortly.

Image by TradingView

On the bigger time frame, the rate is far from key levels. In this case, one should pay attention to the daily bar's closure in terms of yesterday's low at $0.15. 

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If it happens below that mark, the decline may continue to the $0.135-$0.14 range.

Image by TradingView

From the midterm point of view, the price is falling after a failed attempt to fix above the interim level of $0.16. If the decline continues, traders may expect a test of the support level of $0.1260 until the end of the month.

DOGE is trading at $0.1504 at press time.