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Sellers are back in the game again, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has fallen by 4.65% over the last day.

On the hourly chart, the price of DOGE is bearish, as it is near the local support level of $0.1625.

If the situation does not change by the end of the day, one can expect a breakout, followed by a move to the $0.16 zone.

A similar picture can be seen on the bigger time frame. If the bar closes near or below the interim support of $0.1627, the fall is likely to continue to $0.1550.

From the midterm point of view, the weekly bar is bearish now. However, it is too early to maky any distant predictions as only a few days remain until the candle's closure. But if bulls lose the $0.16 mark, the drop may lead to the test of the $0.15 range soon.

DOGE is trading at $0.1629 at press time.