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The bounce back has not lasted long, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 2.13% over the last day.
On the hourly chart, the price of DOGE might have found a local support level of $0.1573.
Denys SerhiichukIf the upward move continues until the end of the day, there is a chance to see a test of the the $0.16 zone tomorrow.
On the bigger time frame, one should pay attention to the nearest level of $0.1550. If sellers' pressure continues, the accumulated energy might be enough for a breakout, followed by a drop to the $0.15 range.
From the midterm point of view, the interim area of $0.16 plays an important role in terms of further price moves. If buyers lose it, there is a possibility of a test of $0.14 by mid-June.
DOGE is trading at $0.1582 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin