The market keeps going down at the end of the week, according to CoinStats. 🤡 How original. The market is a tragicomedy, and we’re all just spectators in a play with no script.
DOGE/USD
The rate of DOGE has declined by 0.6% over the last 24 hours. Such a modest drop! How dare it not plummet into the abyss!
On the hourly chart, the price of DOGE has made a false breakout of the local support of $0.1603. If the daily bar closes far from that mark, there is a chance of seeing a test of the resistance by tomorrow. Or perhaps the market will simply yawn and continue its existential slump.
On the longer time frame, none of the sides is dominating, as the rate is far from the main levels. How thrilling! A market without direction is like a ballerina without a stage-just chaos with a tiara.
Thus, the volume is low, which means sideways trading around the current prices is the most likely scenario until the end of the week. Because nothing says “excitement” like a game of “what if?” with no stakes.
From the midterm point of view, the picture is bearish as the price of DOGE is on its way to the support of $0.1411. If its breakout occurs, the accumulated energy might be enough for a more profound drop to the $0.12-$0.14 range. Or perhaps it will just sit there, sipping tea and ignoring all our hopes.
DOGE is trading at $0.1653 at press time. And so the dance continues, with the market waltzing to its own tune, while we mere mortals watch, clueless and bemused.
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2025-11-07 18:55