DOGE Price Analysis for January 9

Friday is mainly under buyers’ control, according to CoinStats.

DOGE chart by CoinStats

DOGE/USD

The price of DOGE has risen by 0.35% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of DOGE is approaching the local support at $0.1388. If its breakout happens and the daily candle closes below that mark, there is a chance of seeing a test of the $0.1350 area tomorrow.

Image by TradingView

On the longer time frame, there are no reversal signals yet. The price of DOGE keeps going down after a false breakout of the resistance at $0.1555.

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If the situation does not change by the end of the day, traders can expect a further drop to the $0.13-$0.1350 range soon.

Image by TradingView

From the midterm point of view, bulls have failed to keep the rise going after the previous bullish candle’s closure. If buyers cannot return to the game, there is a chance to witness a test of the $0.12-$0.13 area by the end of the month.

DOGE is trading at $0.1392 at press time.

Source: https://u.today/doge-price-analysis-for-january-9