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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Bears are trying to seize the initiative, according to <a href="https://u.today/binance-coin-bnb-price-prediction-for-february-16" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="b12556cb-0f69-45fa-a01e-9877bf71df27" src="https://u.today/sites/default/files/inline-images/top10_943.png">DOGE chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="doge-usd">DOGE/USD</h2>
The rate of DOGE has declined by 2.59% since yesterday. <img data-entity-type="file" data-entity-uuid="ad49ca36-3b9d-447f-ae64-178419c93d66" src="https://u.today/sites/default/files/inline-images/doge1_83.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of DOGE is looking bearish as it is returning to the local support level of $0.08427.
If the situation does not change, one can expect a breakout followed by a blast to $0.08350. <img data-entity-type="file" data-entity-uuid="f78331c1-4338-402c-b9b2-f113601daa2b" src="https://u.today/sites/default/files/inline-images/doge2_78.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture is on the daily time frame. Currently, one should pay attention to the $0.08392 level. If the candle closes below it, the drop may continue to a test of the $0.083 zone. <img data-entity-type="file" data-entity-uuid="b5957df0-7116-47ff-9a48-748b92146375" src="https://u.today/sites/default/files/inline-images/doge3_76.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of DOGE is in the middle of the channel. If the weekly bar closes around the current prices, consolidation in the area of $0.083-$0.086 is the more likely scenario for next week.
DOGE is trading at $0.0845 at press time.

DOGE Price Prediction for February 17

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