DOGE Price Analysis for January 7
Analysis
Price Impact
MedDoge has experienced a 3.11% decline in 24 hours. a false breakout of local support at $0.1469 and a potential retest of $0.14-$0.13 zones suggest continued bearish pressure.
Trustworthiness
MedThe analysis is based on technical indicators, including support/resistance levels and candle closure patterns observed on tradingview charts, provided by u.today.
Price Direction
BearishDoge's decline and failure to hold immediate support at $0.1469 indicate a bearish outlook. further downside to the $0.14 and potentially the $0.1350-$0.13 areas is anticipated if resistance at $0.1555 is not overcome.
Time Effect
ShortThe analysis focuses on hourly chart movements, day-end candle closure, and the performance over the next few days leading up to the weekly bar closure, indicating a short-term trading perspective.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The market's growth has been replaced with a correction, according to CoinMarketCap . Advertisement Top coins by CoinMarketCap DOGE/USD The rate of DOGE has declined by 3.11% over the last 24 hours. Image by TradingView On the hourly chart, the price of DOGE has made a false breakout of the local support at $0.1469. However, if a bounce back does not happen until the end of the day, traders may witness a test of the $0.14 zone soon. Image by TradingView On the bigger time frame, one should pay attention to the candle closure in terms of the nearest resistance at $0.1555. You Might Also Like Mon, 01/05/2026 - 16:29 SHIB Price Analysis for January 5 By Denys Serhiichuk If it happens far from that mark, bears may be back in the game, which may lead to a correction to the $0.1350-$0.14 zone. Image by TradingView From the midterm point of view, it is too early to make any far predictions as a few days are left until the weekly bar closure. As the rate of DOGE is far from the key support and resistance levels, one should focus on the previous candle peak. If the price closes far from it, there is a chance to see a test of the $0.13 area. DOGE is trading at $0.1462 at press time. #Dogecoin Price Prediction