Dogecoin, or commonly known as DOGE, is a popular cryptocurrency token that is primarily used as a means for online transactions. Recently, traders have noticed a slight decrease in its price of almost 1% over the last 24 hours. On the hourly chart, the rate of DOGE is being more aggressively pushed towards the support at $0.07826. If the bears remain dominant, then the crypto would fall to the previous $0.078 mark by the end of the day.

In the long-term, the rate of Dogecoin is still oscillating within a wide channel on the daily time frame. Neither the buyers nor the sellers are currently in domination. If the weekly bar closes below the important mark of $0.08, the token is expected to test the support level at $0.076.

At press time, Dogecoin is trading at $0.07864. To make the most out of its dip in value, traders need to carefully watch the charts and evaluate their decisions. Furthermore, investors should always do their own research and be mindful of the risks associated with trading digital services.



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