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The bears are not ready to give up the initiative so easily, according to CoinMarketCap rankings.
DOGE price is down 0.47% in the last 24 hours.
Despite today’s decline, DOGE price is poised to break local support at $0.08317. If that happens, the decline could lead to the test of the $0.082 area by the end of the day or tomorrow.
A similar picture can be seen on the daily chart as the DOGE rate made a false break of the $0.085 mark. If the buyers lose the $0.08 mark, there is a chance to see the test of the support level at $0.07878 shortly.
On the weekly timeframe, DOGE is neither bullish nor bearish as the price is located away from the key levels.
However, if the rate remains below the $0.09 mark for an extended period, traders could see further downward movement towards the support at $0.06997 by the end of the month.
DOGE is trading at $0.0830 at press time.