Dogecoin

Coin

<ul class="news-points">
 <li>Dogecoin plunges 33% in a month, but trading volume surges by 49.63%.</li>
 <li>Analysts predict Dogecoin’s rebound, citing past recovery patterns.</li>
 <li>Technical signals hint at a potential bullish reversal if RSI dips below 30.</li>
</ul>
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.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Kb7uqfcawSypJ4HxrmmZWxqxzvxFsiuhYr4qypoYEA-BGoSoWSMvHTiSByap3weds11lTgVHV2ApeHaoeIo28FrqnzC0DvCu3djBM4qD8QbEGOuWD9KdHX9akAuJsyUVgh3mQQ81YvstdUpweVAsYko" alt="">
</figure>
DOGE/USD 24-Hour Chart (Source: <a href="https://coinstats.app/coins/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">CoinStats</a>)
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.&nbsp;
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.
<h2 class="wp-block-heading" id="h-is-dogecoin-set-for-another-massive-bull-run">Is Dogecoin Set for Another Massive Bull Run?</h2>
Despite recent declines in its market value, analysts remain bullish ab…
The post <a href="https://coinedition.com/dogecoins-doge-trips-16-in-a-week-analysts-eye-mega-bull-run/" rel="noopener noreferrer nofollow">Dogecoin’s DOGE Trips 16% in a Week, Analysts Eye Mega Bull Run</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Dogecoin’s DOGE Trips 16% in a Week, Analysts Eye Mega Bull Run

Table of Contents

Coin Edition

Muita 3. toukok. 2024 julkaistuja artikkeleja

CFTC Commissioner Johnson Proposes AI Recommendations, Looping in DeFi

Cardano Price Analysis: Bottom Formation at $0.4 Sees $ADA to Rally 15%

Will Fantom’s Price Break Its Consolidation?

Crypto ETFs Initiate Collaboration in Hong Kong

How Does Bitcoin’s Recent Dip Impact Investors?

Jack Dorsey’s Block Boosts Its Bitcoin Bet With 10% Gain Reinvestment

Join our free newsletter for daily crypto updates!