DOGE Price Declines as Bearish Trend Continues
Support Levels in Focus Amid Market Downturn
The cryptocurrency market is seeing a bearish end to the week, with most coins experiencing a decline, including Dogecoin (DOGE), according to CoinMarketCap.
DOGE has fallen by 5.17% in the last 24 hours, extending its weekly loss to 10.76%. Currently, the price is hovering near a key support level of $0.1837. If the daily candle closes far from this mark, a short-term rebound toward $0.19 could be possible.
However, on a larger time frame, no signs of a reversal are evident. If the current price level holds through the daily close, DOGE may soon test its next support at $0.1750.
From a midterm perspective, market conditions remain weak. Trading volume is low, and buyers lack the strength to shift momentum. If this trend persists, DOGE could fall further into the $0.15-$0.17 range in the coming days.
As of press time, DOGE is trading at $0.1849.
