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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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The market is again in the red zone, according to <a href="https://u.today/cardano-ada-price-prediction-for-may-22" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="4550945e-7196-419c-982d-a63ccecb34d3" src="https://u.today/sites/default/files/inline-images/top10_1131.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 fallen by 2% since yesterday. <img data-entity-type="file" data-entity-uuid="dcfb3314-eb6a-4cf1-8215-dbacf3683bb5" src="https://u.today/sites/default/files/inline-images/doge1_110.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 rising after setting a local support level of $0.1617. If growth continues, one can expect a test of $0.17 by tomorrow. <img data-entity-type="file" data-entity-uuid="fae13353-ce2e-4b66-8214-1a53281be06e" src="https://u.today/sites/default/files/inline-images/doge32.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the rate of the meme coin has made a false breakout of yesterday's peak of $0.173. However, the candle is about to close far from its boundaries.&nbsp;
In this case, sideways trading in the zone of $0.165-$0.17 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="2d0f451a-0079-4e5d-a72e-db4fb9fa3138" src="https://u.today/sites/default/files/inline-images/doge3_103.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 picture is more positive. If the weekly bar closes near or above the $0.17 level, the accumulated energy might be enough for a breakout, followed by a move to the $0.18 area.
DOGE is trading at $0.1667 at press time.

DOGE Price Prediction for May 22

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