Doge is struggling to maintain upward momentum, testing crucial support levels, and showing signs of a potential downtrend continuation.
Analysis is based on technical indicators and chart patterns provided by a known crypto news outlet, but future market movements can be unpredictable and are subject to broader market conditions.
The price is approaching and potentially breaking local support at $0.1388, with a false breakout of resistance at $0.1555. midterm outlook points to further drops toward the $0.12-$0.13 range if buyers cannot re-establish control.
Immediate predictions suggest a drop to the $0.1350 area tomorrow, with a potential midterm decline to $0.12-$0.13 by the end of the month if buying pressure does not return.
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 Friday is mainly under buyers' control, according to CoinStats . Advertisement DOGE chart by CoinStats DOGE/USD The price of DOGE has risen by 0.35% over the last 24 hours. Image by TradingView On the hourly chart, the rate of DOGE is approaching the local support at $0.1388. If its breakout happens and the daily candle closes below that mark, there is a chance of seeing a test of the $0.1350 area tomorrow. Image by TradingView On the longer time frame, there are no reversal signals yet. The price of DOGE keeps going down after a false breakout of the resistance at $0.1555. You Might Also Like Thu, 01/08/2026 - 15:55 Bitcoin (BTC) Price Analysis for January 8 By Denys Serhiichuk If the situation does not change by the end of the day, traders can expect a further drop to the $0.13-$0.1350 range soon. Image by TradingView From the midterm point of view, bulls have failed to keep the rise going after the previous bullish candle's closure. If buyers cannot return to the game, there is a chance to witness a test of the $0.12-$0.13 area by the end of the month. DOGE is trading at $0.1392 at press time. #Dogecoin Price Prediction