CoinMarketCap data highlights a continued bearish trend in Dogecoin’s price today, with DOGE/USD experiencing a drop of 4.18%. On the hourly chart, the coin’s rate has fallen after breaking through its local support level of $0.222. If the daily bar closes at its current price level, further declines are likely to reach the $0.21 mark. A bearish trend is also evident on longer timeframes, with a potential test of the $0.20-$0.21 range if bulls fail to regain control before the end of the day. From a midterm perspective, despite previous bullish bar’s closure, bulls haven’t been successful in sustaining the price increase. This situation could lead to a correction towards the crucial $0.20 support zone.