Analysis from CoinMarketCap indicates that bearish pressure has strengthened in the DOGE market recently. The price of Dogecoin (DOGE) is down 2.46% over the past day. On a short-term hourly chart, we see a decline after breaking through local support at $0.1575. If the daily candle closes below this level, the downward trend may continue towards $0.1530. A broader bearish picture is also evident on longer time frames. A break below the $0.1577 mark on this timeframe could intensify the correction to the $0.15 range before the end of the week. Bullish momentum has stalled after the closing of the weekly bar. If the current candle closes at or below these levels, the correction may continue towards the $0.1450-$0.15 area soon. DOGE is currently trading around $0.1575.