<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The weekend has started positively for the <a href="https://u.today/trx-price-analysis-for-december-22">cryptocurrency market</a>.
<img data-entity-type="file" data-entity-uuid="313c95ce-4571-4e50-b306-5dd31e4c5625" src="https://u.today/sites/default/files/inline-images/top10_851.png">DOGE chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="doge-usd">DOGE/USD</h2>
The rate of DOGE has fallen by 0.44% over the past day.
<img data-entity-type="file" data-entity-uuid="8c34b97e-209c-4001-94b5-731860556937" src="https://u.today/sites/default/files/inline-images/doge1_79.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>
The price of DOGE is looking bearish on the hourly chart, as the rate has failed to return to the local resistance level. In this regard, consolidation around $0.093 is the more likely scenario until the end of the day.
<img data-entity-type="file" data-entity-uuid="af837dab-c46e-4ce3-be41-d236f394480b" src="https://u.today/sites/default/files/inline-images/doge2_75.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>
On the bigger time frame, the situation is also more bearish than bullish.
Buyers only have a chance to seize the initiative if they restore the price above the vital zone of $0.1.
<img data-entity-type="file" data-entity-uuid="d4649595-8d41-4292-8e72-dd6f9c8801c3" src="https://u.today/sites/default/files/inline-images/doge3_72.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD">TradingView</a>
Neither bulls nor bears are dominating on the weekly time frame. If the bar closes near the current prices, ongoing sideways trading in the range of $0.09-$0.095 is the more likely scenario until the end of the month.
DOGE is trading at $0.09305 at press time.

DOGE Price Analysis for December 23

Table of Contents

U_Today

Other articles published on Dec 23, 2023

Hashdex Names BitGo As Bitcoin Custodian, Changes Name To Hashdex Bitcoin ETF

Solana surpasses BNB Chain to become fourth most valuable cryptocurrency

OpenAI Seeks Fresh Funding at $100B Valuation, The First After Sam Altman Drama

Coq Inu Spikes 110% in a Week as Holders Surge to 33k: How Much Will COQ Be Worth at BONK’s ATH M...

Looking For The Biggest Gains in 2024? Look No Further, Here’s Our Top List

Immutable X Whitepaper: Transforming the NFT Marketplace

Join our free newsletter for daily crypto updates!