Dogecoin, the world’s largest meme coin, has experienced significant selling pressure, plummeting 16% over the past week and over 33% in the last month. As of this publication, Dogecoin trades at $0.1262, reflecting a 3.61% decline in its value, with its market capitalization standing at $18.164 billion. DOGE/USD 24-Hour Chart (Source: CoinStats) While Dogecoin’s price […]
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- Dogecoin plunges 33% in a month, but trading volume surges by 49.63%.
- Analysts predict Dogecoin’s rebound, citing past recovery patterns.
- Technical signals hint at a potential bullish reversal if RSI dips below 30.
Dogecoin, the world’s largest meme coin, has experienced significant selling pressure, plummeting 16% over the past week and over 33% in the last month. As of this publication, Dogecoin trades at $0.1262, reflecting a 3.61% decline in its value, with its market capitalization standing at $18.164 billion.
DOGE/USD 24-Hour Chart (Source: CoinStats)
While Dogecoin’s price has seen a significant downturn, its trading volume presents a contrasting narrative. Recent data from Coinmarketcap reveals a noteworthy increase in trading activity, with a 49.63% surge compared to the previous day.
This boost has elevated Dogecoin’s trading volume to $2.116 billion. This indicates that despite recent price declines, investors remain actively engaged in trading Dogecoin, demonstrating sustained interest in the cryptocurrency market.
Is Dogecoin Set for Another Massive Bull Run?
Despite recent declines in its market value, analysts remain bullish ab…
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