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Bears are controlling the situation on the market in the last day of the week, second CoinStats.
DOGE/USD
The price of DOGE has fallen by 1.48% since yesterday.
In the hourly chart, the rate of DOGE is close to the local support of $0.1599. If buyers cannot take the initiative and a breakout happens, the correction is likely to continue to the $0.1580 range.
Sellers are also more powerful than buyers on the larger time frame. However, the price of the meme coin is far from the main levels at the moment.
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Volume is low, which means ongoing sideways trading is the most likely scenario over the next few days.
From the midterm point of view, there are no signs of reversal so far. If the weekly bar closes around the current prices or below, the drop may lead to a test of the $0.12-$0.14 range soon.
DOGE is trading at $0.1614 at press time.
