DOGE Price Analysis for December 21

The rates of the coins are going down on the last day of the week, according to CoinMarketCap.

DOGE/USD

The price of DOGE has declined by 1.52% over the last 24 hours.

On the hourly chart, the rate of DOGE might have found a local support of $0.1287. However, if a bounce back does not happen by the end of the day, one can expect a level breakout, followed by an ongoing correction to the $0.1250 area.

On the bigger time frame, the price of DOGE has once again failed to fix above the resistance of $0.1330. If the candle closes far from that level, there is a high chance to witness a further decline to the $0.12-$0.1250 area.

From the midterm point of view, there are no reversal signals so far. However, traders should pay attention to the weekly bar closure.

If it happens with a long wick, one can expect a local bounce off to the $0.14 zone by the end of the month.

DOGE is trading at $0.1296 at press time.