Bulls are still unable to seize the initiative, according to CoinMarketCap.
Top coins by CoinMarketCapDOGE/USD
The rate of DOGE has declined by 0.39% over the last 24 hours.
Image by TradingViewOn the hourly chart, the price of DOGE has made a false breakout of the local resistance at $0.1383. If the daily bar closes near the support, traders may see a test of the $0.1360 zone by tomorrow.
Image by TradingViewOn the bigger time frame, the situation is also more bearish than bullish. The rate of DOGE is returning to the support level at $0.1358.
If a breakout happens, the accumulated energy might be enough for a dump to the $0.1320-$0.1340 range soon.
Image by TradingViewFrom the midterm point of view, the price of DOGE is in the middle of the channel between the support at $0.1199 and the resistance at $0.1568. As the rate is far from the main levels, there are low chances to see sharp moves by the end of the month.
DOGE is trading at $0.1375 at press time.
Source: https://u.today/doge-price-analysis-for-january-17
