The weekend has started bearish for most of the coins, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has fallen by 1.78% over the last 24 hours.
On the hourly chart, the price of DOGE is in the middle of the narrow channel between the support of $0.1627 and the resistance of $0.1649.
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If sellers’ pressure continues, traders may witness a test of the $0.1620 zone tomorrow.
On the bigger time frame, the rate of the meme coin is falling after a false breakout of the resistance of $0.1726. If bulls cannot seize the initiative, the decline is likely to continue to the support of $0.15 shortly.
From the midterm point of view, neither side is dominating as the price is far from the support and resistance levels. If the situation does not change by the end of the week, sideways trading in the zone of $0.16-$0.18 is the more likely scenario.
DOGE is trading at $0.1638 at press time.