<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/bitcoin-btc-price-analysis-for-december-16" rel="noopener noreferrer nofollow">Bulls</a> could not seize the initiative on the last day of the week. <img data-entity-type="file" data-entity-uuid="e6cfb919-7f24-42c0-a7a2-a4d19766d7b7" src="https://u.today/sites/default/files/inline-images/top10_835.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="doge-usd">DOGE/USD</h2>
The rate of DOGE has risen by 1% since yesterday. Over the last week, the price has fallen by 3.27%. <img data-entity-type="file" data-entity-uuid="1cc308da-7d58-44b1-a495-72b7d5022de9" src="https://u.today/sites/default/files/inline-images/doge1_78.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
The price of DOGE might have set a local support level at $0.0933. If the growth continues, traders may expect a test of the resistance at $0.09784 by the end of the day. <img data-entity-type="file" data-entity-uuid="2e2c5988-9a20-436e-be6e-d73b3f63f95f" src="https://u.today/sites/default/files/inline-images/doge2_74.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
A less positive picture is on the daily time frame. Buyers could not maintain the growth after the bullish candle.&nbsp;
If the correction continues and the bar closes near the support level, the accumulated energy might be enough for a dump to the $0.085-$0.090 area. <img data-entity-type="file" data-entity-uuid="76a67102-272b-4fd4-af49-525c3c851e04" src="https://u.today/sites/default/files/inline-images/doge3_71.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the rate of DOGE has made a false breakout of the resistance at $0.10645. If the bar closes far from that mark, there is a high chance of a further decline to the $0.08380 level.
DOGE is trading at $0.09510 at press time.

DOGE Price Analysis for December 17

Table of Contents

U_Today

Other articles published on Dec 17, 2023

Cosmos Network: Bulls Faced a Strong Rejection at the Supply zone

Bulk Token Sender: Send Tokens to Multiple Addresses for free

VeChain (VET) Set To Explode: Analyst Predicts 7,500% Rally To $2.3

The Impact of Generation Z on the Cryptocurrency Ecosystem by 2023

XRP Price Set for Tailwinds in 2024 as Ripple Predicts Massive Crypto Adoption

Best Cryptos Under $5 to Buy

Join our free newsletter for daily crypto updates!