CoinStats has reported that there are currently no indicators suggesting a reversal in the cryptocurrency market. The price of Dogecoin (DOGE) has decreased by 10.46% in the past day. On the hourly chart, DOGE is approaching the local support level of $0.1972 and may test the zone of $0.19-$0.1950 if bearish pressure continues. Traders should observe the closure of the candle around the $0.20377 level on the larger time frame, as a close around or below it could lead to further decline towards the support level of $0.1750. On the weekly chart, no reversal signals have been identified yet, and if the bar closes below $0.20 without a long wick, a test of the $0.15-$0.17 range can be expected soon. Currently, DOGE is trading at $0.2026.



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