The market remains mainly under sellers’ influence, according to CoinMarketCap.

DOGE/USD

The price of DOGE has declined by 2.06% over the last day.

On the hourly chart, the rate of DOGE has made a false breakout of the local support of $0.1645. 

If the daily bar closes far from that mark, one can expect a test of $0.17 by tomorrow.

A bearish picture can also be seen on the bigger time frame. If the daily bar closes below the $0.1667 level and with no long wick, the correction is likely to continue to the $0.16 area.

From the midterm point of view, bulls have failed to fix above the $0.18 zone again. If the buyers cannot seize the initiative soon, one can expect a test of the $0.15 range.

DOGE is trading at $0.1669 at press time.