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DOGE Price Analysis for December 31
Source: CryptoNewsNet Original Title: DOGE Price Analysis for December 31 Original Link: https://cryptonews.net/news/analytics/32211764/ Bulls are more powerful than bears at the end of 2025, according to CoinStats.
DOGE/USD
The rate of DOGE has fallen by 0.76% over the last day.
On the hourly chart, the price of DOGE has made a false breakout of the local support at $0.1229. However, if a bounce back does not happen and the daily bar closes near the mentioned mark, traders may expect a test of the $0.1226 area soon.
On the longer time frame, none of the sides is dominating, as the rate of the meme coin is far from support and resistance levels.
Thus, the volume remains low, which means none of the sides is ready to seize the initiative. All in all, sideways trading in the range of $0.1220-$0.1250 is the more likely scenario over the next few days.
From the midterm point of view, there are no reversal signals yet. If the weekly bar closes around the current prices or below them, the drop may lead to a test of the $0.10 zone.
DOGE is trading at $0.1233 at press time.