Memecoin

Dogecoin

April

dogwifhat

<p>The post <a href="https://coinpedia.org/price-analysis/memecoin-bloodbath-continues-dogecoin-to-retest-its-low-of-0-15/">Memecoin Bloodbath Continues! Dogecoin To Retest It’s Low Of $0.15?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market started the month of April on a bearish note, highlighting increased selling pressure in the crypto space. Further, the leader of the memecoin category, Dogecoin price, has recorded a correction of over 12% in valuation, resulting in this altcoin breaking down its support level.</p> 
<p>Furthermore, the top five memecoins have displayed a similar trend, with the price of dogwifhat (WIF) tokens recording the highest loss of over 14%. Meanwhile, other tokens include Shiba Inu, PEPE, FLOKI, and BONK, with each recording a loss of 6.5%, 12.15%, 9%, and 10.30% in their portfolios.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-price-breaks-down-its-crucial-support">Dogecoin Price Breaks Down Its Crucial Support!</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">DOGE price</a> displayed constant price volatility during the first half of March, during which the price recorded a significant bullish move at the start, after which the price recorded a consolidated trend for a brief period. After this, it lost momentum and fell to test its low of $0.122.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/nLoT-CKT5FtOQxOaVOiSi4JHwQctE2DwRKHiaQf8JwjDzX_14ucbD5kB7f5OXIt1DvzKvehoScRMqR-6aDCZ7ssJD1e_CZgadTKwTKpDc69u49trcemIkl6YENZgBlg9psmW58rBwYjPx1SJ7sPRFzg" alt="Dogecoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: DOGE/USDT
 </figcaption>
</figure> 
<p>Following this, the market regained momentum and jumped approximately 85% within the next eight days. After this, the bulls traded in a closed range between $0.206 and $0.227. Recently, the bulls experienced a bearish reversal, and since then, the price has been displaying a negative trend.</p> 
<p>The Relative Strength Index (RSI) breaks down the halfway level, indicating an increased selling-over-buying pressure in the crypto industry. Moreover, the averages show a constant decline, suggesting a bearish action for the leader of memecoins this week.</p> 
<h2 class="wp-block-heading" id="h-will-doge-price-increase">Will DOGE Price Increase?</h2> 
<p>If the market pushes the Dogecoin price above the resistance level of $0.188, the bulls will regain momentum and test its upper level of $0.206 this week. Maintaining the price at that level will set the stage for DOGE memecoin to prepare to test its upper resistance level of $0.2275 in the coming time.</p> 
<p>However, if the bears continue to dominate the market, the Doge coin price will continue losing momentum and fall to test its lower support level of $0.169 this month.</p>

Memecoin Bloodbath Continues! Dogecoin To Retest It’s Low Of $0.15?

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