DOGE Price Recovers Hourly, But Daily Close Below $0.16 May Signal Further Drops

**DOGE Price Recovers Hourly, But Daily Close Below $0.16 May Signal Further Drops**

The price of Dogecoin (DOGE) has declined by 4.63% in the last 24 hours, currently trading at $0.1666 amid broader market lows. Key support levels to watch include $0.1607 and $0.15, with potential upside if hourly gains continue toward resistance.

Dogecoin’s price today reflects ongoing market pressure with a 4.63% drop to $0.1666. However, the hourly chart indicates rising momentum following a false breakout below the $0.1607 support level. Traders should keep an eye on the daily closing price around $0.16; a close below this level could lead to further declines toward the $0.15 support, according to TradingView data analysis.

**What is the Current Dogecoin Price and Short-Term Outlook?**

As of the latest update, Dogecoin stands at $0.1666, marking a 4.63% decrease over the past 24 hours alongside widespread declines in the crypto market. On the hourly chart, DOGE shows signs of recovery with rising rates after the false breakout below $0.1607, potentially testing resistance levels if momentum holds.

Traders are advised to monitor the daily bar closure around $0.16 closely for directional cues, as it may signal either stabilization or further downward pressure.

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https://bitcoinethereumnews.com/tech/doge-price-recovers-hourly-but-daily-close-below-0-16-may-signal-further-drops/