DOGE’s price performance differs from the overall market trend, experiencing a decline of 3.29% according to CoinStats. Today, most cryptocurrencies are showing positive movement. However, DOGE stands out as an exception, facing a downturn. On the hourly chart, Dogecoin’s price is approaching the support level of $0.2362. If there’s no bounce back by day’s end, a potential breakout could occur, followed by further correction to the $0.23 zone. 1) On longer timeframes, buyers have failed to sustain yesterday’s bullish closure, leading to a lack of momentum. If the situation doesn’t change, we may see a downward trend to the $0.21-$0.2150 range. 2) Looking at a mid-term perspective, DOGE’s price hasn’t reached crucial levels and volume remains low, indicating neither bulls nor bears are exerting sufficient force. This suggests consolidation in the range of $0.21-$0.24 is most likely to happen. DOGE currently trades at $0.2240.