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The price of DOGE is looking bearish on the hourly chart. If the situation does not change by the end of the day, one can expect a support breakout, followed by a further drop to the $0.25 area.
Image by TradingView
On the bigger time frame, the rate of DOGE is far from the key levels. In this case, one should focus on the current candle closure. If it happens far from its high and with a long wick, traders may witness a correction to the support of $0.2427 soon.
Image by TradingView
From the midterm point of view, the price of the meme coin has made a false breakout of the support of $0.2204.
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If the weekly bar closes far from that mark, there is a chance of a local bounce back to the $0.26-$0.28 range.
