The market growth has changed directions and is falling, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has fallen by 2.67% over the last 24 hours.

On the hourly chart, the price of DOGE is in the middle of the channel, between the support of $0.1685 and the resistance of $0.1765.

As most of the daily ATR has been passed, there are low chances of increased volatility by tomorrow.

On the longer time frame, the situation is bearish as it is near the support of $0.1680. If it breaks out, the accumulated energy might be enough for a move to the $0.16-$0.1650 zone.

From the midterm point of view, the picture is similar. If buyers cannot seize the initiative, traders may witness a test of the $0.16 mark soon.

DOGE is trading at $0.1712 at press time.