CoinStats reports that cryptocurrency prices are generally declining as the weekend begins. Dogecoin (DOGE) is experiencing a drop of 3.86% since yesterday’s trading. The hourly chart exhibits bearish trends, indicating potential for further decline. Analysts predict a support level breakdown if no bounce occurs before the end of the day, followed by a potential drop towards the $0.16 area. On larger timeframes, DOGE is facing downward pressure following yesterday’s bearish closing price action. If buyers fail to regain control soon, there is a risk of a test of the $0.15-$0.16 support zone in the near term. Looking at the mid-term outlook, the weekly bar is expected to close with a bearish trend, potentially leading to a decline towards the $0.14 mark if current prices hold. DOGE is currently trading at $0.1709.