<figure><img src="https://u.today//sites/default/files/styles/1200x900/public/2023-06/35873.jpg" alt="Cover Image" width="800"
 height="500">
 <figcaption>Cover image via <a href="https://u.today/">U.Today</a></figcaption>
 </figure>The bounce back has not lasted for long, as all of the <a href="https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-june-5-0">top 10 coins</a> are back in the red zone.<img alt="Top 10 coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="7fe50ca5-44be-4258-8b4b-4485c446fa07" src="https://u.today/sites/default/files/inline-images/top10_475.png" />Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a><h2 id="doge-usd">DOGE/USD</h2>The rate of DOGE has followed the drop of other coins, going down by 7.22%.<img alt="DOGE/USD chart byTradingView" data-entity-type="file" data-entity-uuid="593a86b7-3003-40c2-a53b-ab68b64a1a17" src="https://u.today/sites/default/files/inline-images/doge1_40.png" />Image by <a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>After a sharp drop, the price of DOGE is trading within the narrow range, accumulating power for a further sharp move. If the rate closes near the local resistance at $0.06689, there is a chance to see a correction to the $0.068 zone tomorrow.<img alt="DOGE/USD chart byTradingView" data-entity-type="file" data-entity-uuid="f0ba6ba6-1d67-47d1-8211-67da9f0f8dbe" src="https://u.today/sites/default/files/inline-images/doge2_42.png" />Image by <a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>On the bigger time frame, the rate of DOGE has started to fall after a long-term accumulation. At the moment, the price is trading below the important level at $0.06689.<a href="https://u.today/shib-price-analysis-for-june-4">card</a>If buyers cannot seize the initiative and restore the rate above that mark, there is a high possibility of seeing an ongoing downward move to the $0.064 area shortly.<img alt="DOGE/USD chart byTradingView" data-entity-type="file" data-entity-uuid="e115eef8-96bc-4993-ac66-316f79364e98" src="https://u.today/sites/default/files/inline-images/doge3_39.png" />Image by <a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>On the weekly chart, the rate of DOGE has almost tested the support at $0.06253. At the moment, one should pay attention to the bar closure. If it happens near that mark, one can expect a decline to the $0.06 zone by the end of the month.DOGE is trading at $0.066 at press time.

DOGE Price Analysis for June 6

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