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**DOGE Price Prediction for June 17**
The current market trends indicate a downward direction, as reflected by CoinMarketCap’s data. The price of Dogecoin (DOGE) has declined by 2.67% over the past 24 hours.
In this context, I will analyze the hourly chart and provide insights on the potential price movement of DOGE.
As seen on the hourly chart, DOGE is currently trading between support at $0.1685 and resistance at $0.1765. Considering that most of the daily Average True Range (ATR) has been exhausted, it’s unlikely that we will see increased volatility by tomorrow.
On a longer time frame, the situation appears bearish as DOGE approaches the support level of $0.1680. If this level breaks out, there may be enough accumulated energy for a move to the $0.16-$0.1650 zone.
From the midterm perspective, if buyers fail to regain control, traders might witness a test of the $0.16 mark soon.
The current price of DOGE stands at $0.1712 as I write this article.
In conclusion, it’s uncertain whether DOGE will rebound by the end of the week.
Source: u.today
