According to CoinStats, most cryptocurrencies are currently exhibiting a neutral trend today. Dogecoin (DOGE) is bucking the trend, showing a notable surge of 1.27% in the past 24 hours. However, recent hourly chart analysis reveals a decline in DOGE’s price following a failed breakout above the local resistance level of $0.2278. If bulls are unable to regain momentum, further declines may drag DOGE down to the $0.22 mark by tomorrow. Meanwhile, on longer timeframes, neither buyers nor sellers have taken control, with DOGE remaining far from key levels. This lack of decisive movement is reflected in low trading volume, suggesting a likely continuation of consolidation within a narrow range of $0.22-$0.23. Looking ahead, the midterm outlook suggests sideways price action in the zone of $0.21-$0.24 for the next week. At press time, DOGE’s price stands at $0.2248.