Can DOGE get to $0.1 this month? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
DOGE is one of the biggest losers today, falling by almost 2% over the last 24 hours.
On the local time frame, the price is trading near the support level after the false breakout of the resistance at $0.09299. If the situation remains the same until the end of the day, the drop may lead to a test of the $0.089 zone tomorrow. On the daily chart, bears might have seized the initiative as the rate of DOGE could not continue yesterday's rise. However, there are low chances to see a midterm decline as the selling volume is low.In this regard, the meme coin might enter the consolidation phase until mid-February to accumulate energy for a further sharp move.
On the weekly time frame, one should pay attention to the level at $0.09555. The price has made a false breakout of it, however, the candle has not closed yet. If the price gets back to it, the upward move may continue to the resistance zone around $0.1.
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