The market remains mainly under sellers’ influence, according to CoinMarketCap.
DOGE/USD
The price of DOGE has declined by 2.06% over the last day.
On the hourly chart, the rate of DOGE has made a false breakout of the local support of $0.1645.
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If the daily bar closes far from that mark, one can expect a test of $0.17 by tomorrow.
A bearish picture can also be seen on the bigger time frame. If the daily bar closes below the $0.1667 level and with no long wick, the correction is likely to continue to the $0.16 area.
From the midterm point of view, bulls have failed to fix above the $0.18 zone again. If the buyers cannot seize the initiative soon, one can expect a test of the $0.15 range.
DOGE is trading at $0.1669 at press time.
Source: https://u.today/doge-price-prediction-for-may-6