The new year has started with ongoing bear pressure, according to CoinMarketCap.
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Top coins by CoinMarketCap## DOGE/USD
The rate of DOGE has dropped by 1.04% over the last 24 hours.
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Image by TradingViewOn the hourly chart, the price of DOGE might have found a local support level at $0.3119. If bulls’ pressure continues, one can expect a test of the resistance by tomorrow.
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Image by TradingViewOn the bigger time frame, neither side has seized the initiative yet. The rate of the meme coin is far from the main levels. Such a statement is also confirmed by the falling volume.
In this case, sharp ups or downs are unlikely to happen.
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Image by TradingViewFrom the midterm point of view, the situation is quite similar. The price of DOGE has not accumulated enough energy for growth or a fall.
DOGE is trading at $0.3175 at press time.
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