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The market keeps setting new local lows, according to CoinStats.
DOGE/USD
The rate of DOGE has dropped by 8.63% over the last day.
On the hourly chart, the price of DOGE might have set a local support of $0.1556. If the daily bar closes far from that mark, there is a chance to witness a test of the $0.1650 mark soon.
On the bigger time frame, the rate of the meme coin is on its way to the support level of $0.1481.
Denys SerhiichukIf its breaks out, one can expect an ongoing decline to the $0.14 zone shortly.
From the midterm point of view, bears are also more powerful than bulls. If the situation does not change, there is a possibility to see DOGE around between $0.13 and $0.14 by mid-April.
DOGE is trading at $0.1577 at press time.
Vladislav Sopov
Dan Burgin