This news article discusses the bearish outlook for DOGE (Dogecoin) and its declining price over the past week. The price has fallen by 7.67% since yesterday and 15.11% over the last week. The hourly chart suggests that the price is closer to the support level than the resistance level, but sharp moves are unlikely in the near future. There are no reversal signals yet on the larger time frame, indicating that the drop may continue to the nearest support level of $0.2724. From a midterm perspective, if the weekly bar closes around the current prices, there may be a test of the support level by mid-February. At the time of writing, DOGE is trading at $0.2959.



Other News from Today