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The correction continues on the cryptocurrency market, according to <a href="https://u.today/ethereum-eth-price-analysis-for-january-18" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="4d495da2-40e2-40b3-83dc-9f51f6fccc6c" src="https://u.today/sites/default/files/inline-images/top10_890.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 price of DOGE has declined by 2.13% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="1d88a0cd-485d-49fb-860d-6a145799101e" src="https://u.today/sites/default/files/inline-images/dgoe1_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of DOGE has bounced off the local resistance level of $0.07863. If the fall continues, one can expect a test of the $0.07750 mark tomorrow. <img data-entity-type="file" data-entity-uuid="74550a00-ba27-465e-935b-2f39dde98390" src="https://u.today/sites/default/files/inline-images/doge2_77.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price has made a false breakout of yesterday's low at $0.07690. At the moment, one should pay attention to the candle's closure.&nbsp;
If it happens far from that level, buyers have the chance to locally seize the initiative. <img data-entity-type="file" data-entity-uuid="619e3182-0cb3-4afe-a510-1f89642496a8" src="https://u.today/sites/default/files/inline-images/doge3_74.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the situation is more bearish than bullish as the rate is near the support level of $0.075. If the weekly bar closes near it, the accumulated energy might be enough for a breakout, followed by a move to the $0.07 zone.
DOGE is trading at $0.0778 at press time.

DOGE Price Analysis for January 19

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